Meanwhile, the resale prices of condominiums and private apartments edged up 0.1 per cent rise in March from the previous month, for a third straight month-on-month increase.THE private resale property market saw its biggest recovery in activity since being hit by the last bout of cooling measures, according to flash estimates from SRX Property on Tuesday.
Flash date from the real estate portal showed the number of resale non-landed private homes sold last month jump 59.3 per cent from 521 in February to 830 units last month, reaching their highest volume since the July 2018 property curbs. However, March resale volume was still 41.4 per cent lower than the 1,417 units transacted a year ago.
Meanwhile, the resale prices of condominiums and private apartments edged up 0.1 per cent rise in March from the previous month, for a third straight month-on-month increase.This brings private non-landed resale prices to 3.5 per cent higher than a year ago, after February's month-on-month price rise was revised up to 0.6 per cent from an earlier estimate of a 0.5 per cent increase, according to the SRX data.Resale prices are now just 0.
The price rise last month came from the 1.3 per cent increase in the outlying areas or outside central region . In contrast, resale prices in the prime districts or core central region dropped by 2.1 per cent while remaining the same in the city fringes or rest of central region .
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »