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Singapore resale home prices remain flat in October

Xinhua, November 5, 2015 Adjust font size:

The resale prices for Housing Board (HDB) flats in Singapore remain unchanged in October, according to the latest report released by Singapore Real Estate Exchange (SRX) on Thursday.

On a year-on-year basis, the resale prices dropped 2.6 percent, if compared to the peak in April 2013, the prices declined 11.7 percent, SRX said.

Resale volume also saw a increase of 16 percent on-month, with 1,745 resale flats sold in August, compared to the 1,504 in September.

The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property's estimated market value, was 1,000 Singapore dollars (714 U.S. dollars) last month. Enditem