Singapore condo resale prices edge up in January: SRX

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Resale prices for non-landed private residential properties in Singapore rose slightly in January 2020 after a flat performance in December, according to flash estimates from real estate portal SRX Property.

Condominium resale prices were up 0.5 per cent compared to December. Year on year (y-o-y), prices increased 2.3 per cent.

Meanwhile, volume grew 4 per cent to 684 units resold in January, from the 658 units resold in the previous month. Sales volume climbed 15.9 per cent y-o-y, and was also 13.4 per cent higher than the five-year average for the month of January.

By region, resale prices in the core central region (CCR) fell 0.8 per cent last month from December. Meanwhile, prices in the rest of central region (RCR) rose 1.5 per cent and increased by 0.5 per cent for condos outside central region (OCR).

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