Singapore's private home resale prices rise in October

GMT 16:20 2014 Tuesday ,11 November

Arab Today, arab today Singapore's private home resale prices rise in October

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Singapore - XINHUA

The resale prices for non-landed private homes in Singapore rose slightly by 0.4 percent month on month in October, according to flash estimates released by the Singapore Real Estate Exchange (SRX) on Tuesday.
When compared with last year, resale prices of non-landed private homes declined 4.5 percent. Compared with the recent peak in January 2014, prices have decreased 5.2 percent, SRX said.
The resale prices for private homes in the core central region fell 0.3 percent, while rest of central region and outside central region both increased 0.6 percent.
However, the number of resale transactions saw a 2.2-percent dip on month in October, with an estimated 451 units resold in October, down from the 461 transacted units in September, SRX said.
Private homes refer to those developed by private developers. About 80 percent of the resident households in Singapore live in spacious public housing units built and sold by the government. The private homes are typically more expensive than public housing units.

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