The resale prices for Singapore' s non-landed homes developed by private developers in January rose by 0.6 percent from that in the previous month, reversing the 0.5 percent drop in the previous month, This was showed in the flash estimates released by the Singapore Real Estate Exchange on Thursday.
On a year-on-year basis, the resale prices for the non-landed private homes dropped by 1.7 percent. Compared with the recent peak in January 2014, the decline was 7.2 percent. The resale volume saw a 3.7 percent increase, with 351 non-landed private homes resold in January.
The homes developed by private developers in Singapore are typically more expensive. It is a market separate from the public housing market, where the housing units are built by the government and sold to resident households with the principle of one unit for each household.
About 80 percent of the resident population in Singapore live in public housing units.
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