Condo Resale Prices Up 1.9% in February

Resale costs of condos as well as private homes crossed a crucial mark last month by surpassing the last optimal in prices seen in January 2014, inning accordance with flash estimates from property portal residential or commercial property on Tuesday. Resale prices in February climbed up 1.9 percent from the previous month above the 1.3 percent month-on-month rate rise seen in January, which was changed up from an earlier estimate of a 1 per cent rise. Explore this link to know more premium condos. February's resale prices were one percent greater from the top in January 2014 as well as 7.6 percent above a year ago, said property portal.

The price was seen throughout all locations. The core central region (CCR), rest of the central region (RCR), and outside central region (OCR) taped month-on-month price rises of 1.5 percent, 1.7 per cent, and 2.2 per cent respectively. As compared to a year back, CCR, RCR, and also Optical Character Recognition recorded rate rises of 6.2 per cent, 11 percent, and also 6.2 percent respectively. In an additional indicator of a reinforcing market, the variety of resale non-landed personal houses marketed last month jumped 11.3 per cent from January, said property portal. Year-on-year, resale volume in February was 68.6 percent higher compared to 719 systems re-selled in the corresponding month a year earlier, yet nearly 41 per cent below the April 2010 optimal.