Condo resale prices up 0.9%

Whilst resale volume went down 12.5%.

Non-landed Private Residential Resale prices increased 0.9% in June 2017 compared to May 2017.

According to SRX Property, both CCR and OCR recorded a price increase of 1.3% and 1.1% respectively, while RCR price index has remained unchanged at 0.0%.

This came as resale volume declined 12.5%. SRX Property said an estimated 1,065 Non-landed Private Residential units were resold in June 2017, down from 1,217 in May.

Here's more from SRX Property:

Year-on-year, prices in June 2017 increased by 2.2% from June 2016. In individual sectors, CCR, RCR and OCR recorded a year-on-year price increase of 3.7%, 3.0% and 0.8% respectively.

June 2017 prices were down by 4.4% from the peak in January 2014. Year-to-date, prices increase by 2.9% in comparison to January 2017.

Price change in May 2017 was revised from 0.4% to 0.5%. Year-on-year, resale volume in June 2017 was 51.1% higher compared to 705 units resold in June 2016.

Resale volume was down by 48.0% compared to its peak of 2,050 units resold in April 2010.

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