Unofficial estimates show that overall local private flat resale prices rose by a slightly slower 0.8 per cent month-on-month last month, while transaction volumes fell for the third consecutive month.

According to a joint estimate report by property website 99.co and SRX, only private resale prices outside the Central District continued to climb in December, up 1% month-on-month.

Prices for private homes in the core Central District and on the fringes of the Central District fell by 0.2 per cent and 0.6 per cent respectively.

Overall private resale prices rose by 9.7% in December compared to the same month a year earlier.

In terms of transaction volume, only an estimated 661 units changed hands last month, down 14% month-on-month and a significant 49% year-on-year.