Friday, June 01, 2012

Prices of private resale homes edge up

Private resale home prices in Singapore edged up last month, an indication that home buyers’ interest in the resale market remains healthy.

According to the NUS Singapore Residential Price Index (SRPI), prices of resale homes climbed 0.8 percent in April after rising 0.4 percent in the preceding month.   

High-end units saw a 1.6 percent increase in prices, while prices in non-central region remained unchanged in April.

“The secondary market volume is picking up, especially after the run-up in new home sales in the first quarter,” said Donald Han, Special Advisor at HSR Property Group. “Primary market prices have gone up and some buyers may think that they can get better value in the secondary market.”

The monthly index measures a basket of non-landed completed private condominiums and apartments, excluding hybrid public-private homes such as executive condos (ECs).

View the original article here

Source From Property Guru

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