Resale prices of condos inched higher by 0.1%

Versus 0.8% rise in June.

Based on the SRX Property Index (SPI), resale prices of non-landed private residential units inched upwards by 0.1% in July 2013, on a backdrop of 0.8% increase in June. This is 1.2% lower than the price peak seen in February this year.

Core Central Region (CCR) and Outside Central Region (OCR) prices slipped by 0.5% and 0.4% respectively. Rest of Central Region (RCR) saw a price gain of 1.2%.

Resale transaction volume remained relatively flat. An estimated 670 non-landed homes were transacted in July, slightly more than June's 640 units.

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