Tag Archives: Resale property

Resale private home prices up 1.5% in May

Posted on 29 Jun 2012 | Comments Off on Resale private home prices up 1.5% in May

Prices of resale private homes in Singapore climbed 1.5 per cent on-month in May, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS).

This marked the third consecutive monthly increase in the overall private home market.

While prices rose in all Singapore regions in May, those in the non-central area rose most sharply, by 2.2 per cent.

Prices in the central region were higher by 0.8 per cent.

The index covering small units of 506 square feet and below, otherwise known as shoebox apartments, rose by 0.9 per cent, after a 0.8 per cent decline in April.

Source : CNA – 2012 Jun 28

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Resale private home prices on the uptrend

Posted on 30 May 2012 | Comments Off on Resale private home prices on the uptrend

Flash estimates from the Singapore Residential Price Index (SRPI) showed that resale private home prices is on an upward trend, climbing 0.8 per cent in April after rising 0.4 per cent in March, reported Channel News Asia.

Meanwhile, prices of resale units in the central area were up 1.6 per cent in April.

In comparison, it rose just 0.1 per cent in March.

Resale home prices in the non-central region, however, remain unchanged.

Property analysts said the increase in prices could possibly be due to a result of higher transaction volume in the secondary market in March and April.

“The secondary market volume is picking up, especially after the run-up in new home sales in the first quarter. Primary market prices have gone up and some buyers may think that they can get better value in the secondary market,” Donald Han, special advisor at HSR, told Channel News Asia.

Meanwhile, resale prices of small apartments dipped 1.2 per cent, after increasing 2.7 per cent in March.

The index was published by the Institute of Real Estate Studies at the National University of Singapore (NUS).

Source: PropertyReport – 2012 May 30

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