A joint estimate released by property website 99.co and SRX showed that private flat resale prices rose by 1 per cent month-on-month in August.

Resale prices in the core Central District fell 0.1 per cent, while those outside the Central District and other Central Districts rose 1.3 per cent and 1.6 per cent respectively.

Compared with the same period last year, the resale price of private flats rose by 7.6 per cent last month.

In terms of transaction volume, an estimated 880 flats changed hands last month, up 3 per cent month-on-month and down nearly 17 per cent year-on-year.