Private condo resale prices down 0.2% in August

466 units were resold last month.

Resale prices inched up by a marginal 0.2% month-on-month last August, while it recorded a 16.8% decrease in resale volume from 560 units in July.

According to a report by SRX Property, properties in the Rest of Central Region (RCR) posted a price increase of 1.8% while prices in CCR and OCR decreased by 0.5% and 0.2% respectively.

"Year-on-year, prices in August 2015 drop 1.7% from August 2014; August 2015 prices are down 6.5% from the recent peak in January 2014. Price change in July was revised from a 0.3% increase to a 0.1% increase," SRX said.

"Year-on-year, resale volume in August 2015 is 16.0% higher compared with 402 units resold in August 2014; Resale volume is down 77.3% compared to its peak of 2,050 units resold in April 2010," SRX added.