Resale prices of non-landed private homes inched up 0.2 per cent in Mar, led by an increase in transaction prices in RCR. This marked a slight recovery from a 3.1 per cent decline in resale prices in Feb, flash estimates by SRX show. Resale transactions increased significantly in March with 451 transactions registered – the highest resale volume since Oct. This is 82.6 per cent higher than a month ago but 22.5 per cent lower than in Mar last year. Market watchers note that the improved numbers suggest pent-up demand in Mar but they say it is too early to cheer as the latest data merely reflects a stabilising market since the cooling measures late last year. Resale prices in CCR and the RCR improved during Mar, climbing 0.3 per cent and 1.3 per cent respectively. But resale prices in OCR continued to soften last month with a 0.1 per cent decline. Rental prices also came down last month even though rental volumes increased. An estimated 3,087 units were rented in Mar, 27.8 per cent more than in Feb, but rental prices came down by 0.9 per cent month on month.... Continue Reading