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Singapore's private home resale prices rose slightly in December

Xinhua, January 13, 2015 Adjust font size:

The resale prices for non-landed private homes in Singapore rose slightly by 0.1 percent month on month in December, according to data released by the Singapore Real Estate Exchange (SRX) on Tuesday.

When compared with last year, resale prices of non-landed private homes declined 4.2 percent. Compared with the recent peak in January 2014, prices have decreased 6.1 percent, SRX said.

The resale prices for private homes in the core central region fell 1.1 percent, while rest of the central region and outside the central region decreased 1.2 percent and 0.5 percent, respectively.

The number of resale transactions remained flat in December, with an estimated 371 units resold, 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. Endit