Singapore condo resale prices ease further in July, volume spikes: SRX | / Property news / Singapore condo resale prices ease further in July, volume spikes: SRX

Singapore condo resale prices ease further in July, volume spikes: SRX

RESALE prices of condominium units in Singapore dipped again in July for the second consecutive month, while the volume of sales surged by almost one-third, according to monthly figures from real estate portal SRX Property released on Wednesday.

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Prices in the core central region (CCR) inched down by 0.1 percent month on month.

Overall condo resale prices were down 0.5 percent in July from the previous month. June had seen a 0.4 percent decline from the peak in May, breaking an upward trend that had lasted four months.

Prices in the city fringes, or the rest of the central region (RCR), posted the biggest drop of 1.1 percent in July, while prices for the suburbs or outside central region (OCR) retreated 0.3 percent.

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