Resale price of non-land private homes rose by 1.6% month-on-month in January

The resale price of non-land private homes in Singapore continued to rise, with the resale price in January rising by 1.6% month-on-month.

The January estimates released by the real estate website 99.co and Singapore Real Estate Joint Transaction Network (SRX) on Thursday (February 27) showed that the resale price of the core central district (CCR) rose by 2.8% month-on-month, while other central districts (RCR) and outside central districts (OCR) rose by 1.7% and 1.2% respectively.

Compared with January last year, the overall resale price of non-land private homes rose by 6.1%. The largest increase outside the central district was 6.5%, followed by other central districts, up 5.8%; the core central district rose 4.1%.

In January, a total of 884 non-land private housing units were resold, with the resale volume down 9.2% from December last year. However, year-on-year, resale volume increased by 14.3% from January last year, and 12.1% higher than the average in January last year.

In terms of regional perspective, 51.2% of transactions come from outside the central district, 30.8% come from other central districts, and 17.9% come from the core central district.

Further reading

Guodao: The overall resale price of non-land private houses rose by 0.4% month-on-month in November

Resale price of non-land private homes rose slightly by 0.8% in October

Among all resale transactions in January, sub-sale accounted for 8%, down from December last year.

The median overall capital gains of the resale transaction in January were RMB 404,000, an increase of RMB 36,000 from December last year.