Resale price index inched up year on year

RESALE prices of non-landed private homes in Singapore rose 0.4 per cent in May 2016 over the previous month, based on SRX Property’s flash estimates for last month released on Tuesday.

This follows a revised 0.6 per cent month-on-month gain for April 2016 – which was slightly higher than the 0.5 per cent rise that SRX Property had indicated earlier based on its flash estimates for April.  Upcoming executive condo include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The Visionaire EC, Parc Life EC , Waterwoods EC, Signature at Yishun, Skypark Residences, Wandervale EC, The Vales EC, The Criterion EC, Bellewaters EC, Bellewoods EC.

Giving a geographical breakdown of May’s price performance, SRX Property said on Tuesday that prices improved by 0.4 per cent in Core Central Region (CCR), 0.3 per cent in the city-fringe or Rest of Central Region (RCR) and 0.5 per cent in the suburbs or Outside Central Region (OCR).

Year on year, the May 2016 overall resale price index for non-landed private homes has inched up 0.2 per cent from May 2015. The CCR and RCR sub-indices posted year-on-year price gains of 4.7 per cent and 0.6 per cent respectively, while prices in the OCR slipped 2.0 per cent over the same period.

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