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Prices also fell 0.8%. The volume of condo resales sharply fell 13.1% to 589 units in February from 678 units in January, according to SRX data. Volumes are 10.9% higher than in February 2019, but 7.7% lower than the 5-year average volume for the month of February.
Breaking down by regions, in February 2020, 50.2% of the volume came from Outside Central Region (OCR), 25.3% came from Core Central Region (CCR), and 24.5% came from Rest of Central Region (RCR).
“The private resale market was hit by a triple whammy of coronavirus, seasonal slowdown during the Chinese New Year period, and supply of new units from recent launches,” said Christine Sun, head of research & consultancy at OrangeTee & Tie.
Prices across all regions also fell by 0.1%, 0.8%, and 1.3% respectively, whilst overall prices dipped 0.8%. On a YoY basis, prices rose 0.8%.
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- Lendlease names MD for data centre business
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Previous news selection
HDB resale flat prices edge up 0.7% in Feb: SRX
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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