Condo resale prices dip to a four-year low at 0.9% in September

Resale volume also slumped 17.7%.

The non-landed private residential market has yet again experienced slump in prices, as its index value of 163.9 is the lowest in 50 months since July 2012.

According to the latest figures from SRX Property, non-landed private residential resale prices decreased by 0.9% in September.

In Rest of Central Region (RCR) and Outside Central Region (OCR), prices sank 1.3% and 1.5%, respectively.

Core Central Prices, on the other hand, saw an improvement as prices spiked up 0.6%.

"Year-on-year, prices in September 2016 decreased by 1.5% from September 2015. In individual sectors, RCR and OCR recorded a year-on-year price decrease of 3.5% and 2.6% respectively. On the other hand, CCR posted a year-on-year price increase of 3.5%," SRX said.

Resale volume has also slumped, dipping 17.7% in September.

Based on data compiled by SRX Property, an estimated 683 Non-landed Private Residential units were resold in the said month. This is compared to 830 units resold in August.

"Resale volume was down by 66.7% compared to its peak of 2,050 units resold in April 2010," SRX said.

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