Chart of the Day: Check out the trend in condo resale prices
For January, prices were down 6.8% from the recent peak in 2014.
Non-landed private residential resale prices are on the uptrend in January, up by 1.1% compared to December 2016. For the past year, prices peaked in June and went downhill until October.
November started the uptrend leading up to January this year, with prices up 0.3% YoY compared to last year. In individual sectors, RCR and OCR recorded a YoY price decrease of 0.1% and 1.1% respectively. On the other hand, CCR posted a YoY price increase of 2.7%.
From the recent peak in January 2014, January 2017 prices were down by 6.8%