Condo resale prices in Singapore up 1.8%

But resale transactions moderated.

According to the SRX Property Index (SPI), resale prices of non-landed private residential units showed an overall increase of 1.8% in June 2013.

Meanwhile, Core Central Region (CCR) and Rest of Central Region (RCR) prices increased 5.5% and 0.5% respectively. However, Outside Central Region (OCR) experienced a price decline of 0.2%.

Resale transaction volume remained relatively low. An estimated 605 non-landed units were transacted in the month of June, 21% less than May's volume of 762 units. The estimated 605 units transacted in June 2013 represents a decrease of approximately 38% when compared with that of June 2012. (There were 981 non-landed resale cases in June 2012.)