Wednesday, May 30, 2012

Resale home prices inch up

Straits Times: Tue, May 29
PRICES of private resale homes inched up again last month, buoyed by a modest rebound in upscale homes in the central region.

The 0.8 per cent rise across the resale or secondary market came despite a 1.2 per cent slide in the prices of shoebox units - homes of about 500 sq ft or smaller.

Resale prices of these tiny homes gained 2.7 per cent in March.

The wider resale market edged up 0.4 per cent that month.

The main reason for the slight rise across the market last month was a 1.6 per cent increase in the price of high-end resale units.

The prices of these homes rose just 0.1 per cent in March.

However, prices of resale homes outside the central area were flat last month, after rising 0.7 per cent the month before.

The latest figures released yesterday came from the Singapore Residential Price Index compiled by the National University of Singapore's Institute of Real Estate Studies...
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