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Housing Board resale prices have notched their biggest month-on-month increase this year despite a smaller number changing hands, according to flash data from real estate portal SRX Property on Thursday.
Resale prices, which through most of 2019 have moved within a -0.2 to +0.2 per cent range, rose 0.6 per cent in November from October. It is the biggest monthly increase since January's 0.5 per cent rise from December.
Compared to November last year, resale prices are up by 0.4 per cent, though they are still off by 13.8 per cent from their peak in April 2013.
Prices in non-mature estates rose by 2 per cent year on year. Those in mature estates fell 2 per cent.
Compared to October, three-room, four-room and executive flats saw price increases of 0.1 per cent, 1.2 per cent and 1.1 per cent, respectively, while prices of five-room flats fell by 0.1 per cent.
Real estate related news stories from Singapore
- MNACT buying 2 Tokyo offices that will help mitigate revenue loss from Festival Walk closure
- Leshan Gardens in Geylang sold for S$26.28m
- Hakka association selling 13 semi-detached houses at Bt Timah with S$38m guide price
- Chart of the Day: HDB upgraders increasingly favoured pricier condos in Q2
- URA confirmed three sites under GLS Programme H1 2020
Asian property news round up
- A new standard for seafront apartment buildings
- Fulfilling the potential of the risky condotel market
- Cocobay calamity brings condotel pitfalls to fore
- Mapletree North Asia Commercial Trust to acquire 2 Tokyo office properties
- Developer Iskandar Waterfront revives listing plan, aims to raise up to US$1.5b in 2020: sources
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