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Resale prices continue to soften

Resale private home prices continued to soften in October as new projects lured buyers away from the secondary market.

Overall prices of resale private homes fell 1.2 percent last month based on flash estimates of the NUS Singapore Residential Price Index (SRPI).

This is in comparison to the 0.9 percent decline seen in September.

Prices of resale homes in the central region (excluding small units) dropped 1.4 percent, while those outside the central region dipped one percent last month. 

Meanwhile, small units or units with floor areas of 506 sq ft or below saw prices drop by 0.2 percent.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories emailromesh@propertyguru.com.

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