For the second month in a row, resale prices of completed non-landed private homes have increased, according to new data.
Despite this, sales of such homes continue to decline.
Data from the Singapore Real Estate Exchange (SRX) revealed that resale prices in this sector grew by 2.3 percent in January from December, higher than the revised 0.8 percent uptick recorded in December from the previous month.
Meanwhile, the sales volume decreased to 310 units last month, a decline of 9.1 percent from December. Year-on-year, this is a 70.2 percent drop.
SRX said the slowdown in transactions could be partly due to the Chinese New Year holiday, seen as a traditionally quiet period for home buying activity.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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