Resale prices of Singapore non-landed private homes down 2.1 pct in 2015

The resale prices of Singapore's non-landed private homes registered a 2.1-percent decline year on year, after December's prices dipped 0.8 percent over the previous month, according to data from SRX Property on Tuesday.

Resale prices of private apartments, or non-landed private homes, fell 7.8 percent, if compare to the recent peak in January 2014, SRX noted.

Price decline have been seen across all three regions, with prices down 0.5 percent in the core central region, 1.2 percent in the rest of central region and 0.7 percent in the suburbs or outside central region.

Although the resale volume of private apartments increased 10 percent on month in December, total resale volume dropped significantly by 74.7 percent from the peak of 2,050 units resold in April 2010. Endit