Tuesday, January 31, 2012

Fall in resale prices of homes in Dec

Straits Times: Tue, Jan 31
MORE signs are emerging of a slowdown in the residential property sector, this time with a fall in resale prices of homes sold last month - though experts say it is too soon to be certain of a trend.

This was the first drop since September last year, according to the new Singapore Residential Price Index (SRPI) flash figures released yesterday.

The index showed prices overall falling 0.8 per cent - their biggest dip since July last year - after a modest increase of 1.4 per cent in November.

Prices of central and non-central homes were down 0.4 per cent and 1 per cent respectively. However, shoebox units - homes sized below 506 sq ft - achieved a price increase of 3.4 per cent...

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