Despite a 0.5 per cent month-on-month decline in resale prices of condos and apartments in the Core Central Region (CCR) in July 2016, prices in the region were up 6.2 per cent year on year.
This is according to SRX Property flash estimates for last month released on Wednesday.
The CCR has outperformed the other two regions tracked by SRX's resale price index for non-landed private homes, on a y-o-y basis.
The sub-index for the city fringe or Rest of Central Region (RCR) for July 2016 inched up 0.5 per cent from July 2015, while the sub-index covering the suburbs or Outside Central Region (OCR) shrank 2.8 per cent over the same period.
SRX Property's overall resale price index for non-landed private homes inched up 0.1 per cent y-o-y compared with July 2015.
Source: SRX (11 Aug 2016)