princess_morbucks
10-02-14, 10:52
http://www.businesstimes.com.sg/breaking-news/singapore/resale-pte-flats-down-702-jan-year-ago-srx-20140210
RESALE of non-landed private residential homes tumbled 70.2 per cent from 1,039 deals in January 2013 to 310 deals in January 2014, and the Singapore Real Estate Report (SRX) says this is a direct result of cooling measures.
The 310 resale deals also represent a 9.1 per cent fall from last December's 341 transactions.
"While CNY has had some impact, it is clear from the long-term data that the cooling measures are having maximum impact on the volume side of the equation," said Jeremy lee, co-founder of srx.com.sg.
Overall resale prices of non-landed private residential units rose 2.3 per cent in January this year, marking the second consecutive monthly rise in prices since last December, according to the SRX Property Resale Index.
RESALE of non-landed private residential homes tumbled 70.2 per cent from 1,039 deals in January 2013 to 310 deals in January 2014, and the Singapore Real Estate Report (SRX) says this is a direct result of cooling measures.
The 310 resale deals also represent a 9.1 per cent fall from last December's 341 transactions.
"While CNY has had some impact, it is clear from the long-term data that the cooling measures are having maximum impact on the volume side of the equation," said Jeremy lee, co-founder of srx.com.sg.
Overall resale prices of non-landed private residential units rose 2.3 per cent in January this year, marking the second consecutive monthly rise in prices since last December, according to the SRX Property Resale Index.