Condo resale prices and volume slip in April: SRX

THE resale prices and volume of non-landed private homes in Singapore continued to slip in April, with SRX's price index for such homes falling 0.7 per cent last month compared to March.

Core Central Region and Outside Central Region saw resale-price declines of 0.1 per cent and 1.5 per cent respectively, while city-fringe homes in Rest of Central Region bucked the trend with a 0.4 per cent rise.

Compared to a year ago, resale prices of non-landed private homes dropped 4 per cent in April. Prices were 6.9 per cent lower than the peak of the SRX resale price index for such homes in January 2014.

According to data compiled by SRX Property, resale volume of non-landed private homes also slipped slightly in April. An estimated 440 resale units were sold last month, down 2.7 per cent from 452 in March. But this is 1.9 per cent higher than the 432 resale units sold in April last year.