Resale prices of non-landed private homes increased by 1.5 per cent in August to reach a new high, flash estimates released by the Singapore Real Estate Exchange (SRX) on Friday show.
This follows a 0.5 per cent drop in July and amid mild fluctuations in the recent months.
All three regions showed price gains in the past month. The rest of central region (RCR) gained the most at 2.4 per cent, followed by the core central region's (CCR) 1.8 per cent increase and the outside central region’s (OCR) 0.2 per cent.
As for non-landed private residential rentals, SRX data shows overall rental prices slipping by 0.1 per cent in August from July.
Rental prices in the CCR and RCR softened by 0.2 per cent and 0.1 per cent respectively, while OCR's rents strengthened by 0.5 per cent.
For HDB flats, overall HDB resale prices slipped 0.7 per cent in July - the fourth consecutive monthly decline, while resale volume remained steady at about 1,280 flats.
Overall cash-over-valuation (COV) fell S$2,000 in July to reach S$18,000 - the lowest since July 2009 when the overall COV was S$10,000.
The lowest COV by region is in Punggol HDB executives where the median COV was -S$13,000, while the highest COV is seen in Bishan HDB executives where the median COV was S$120,000.