Observations:
- Non-landed Private Residential Resale prices inched up 0.1%. Non-landed Private Residential Resale prices increased 0.1% in December compared to November 2014. This increase is driven by transactions in OCR where prices went up 0.5%. On the other hand, prices dropped in CCR and RCR by 1.1%, and 1.2%, respectively.
According to the SRX Non-landed Private Residential Price Index:
- Year-on-year, prices have dropped 4.2% from December 2013;
- Prices have declined 6.1% since the recent peak in Jan 2014.