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Condo resale prices down in November

Fresh property news selection on December 11. 2019, Wednesday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.


Resale prices for non-landed private homes dipped slightly last month after two straight months of increase.

Condominium resale prices fell 0.1 per cent, compared with a 0.8 per cent rise in October. Year on year, prices were 1.5 per cent lower.

 

Sales volume fell 7.2 per cent, with 801 units resold last month, compared with 863 units in October, according to flash figures from real estate portal SRX Property yesterday.

"The decrease in sales volume is within expectation as sales activities usually slow down towards the year end," said OrangeTee & Tie head of research and consultancy Christine Sun.

But year on year, the number of units sold was 25 per cent more than in November last year, and 10.7 per cent higher than the five-year average volume for the month of November.

 
By location, the core central region and rest of central region saw a 1 per cent drop in prices last month from October figures, while prices for the outside of central region were up 0.8 per cent.

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