Agent.sg / Property news / Condo resale prices grew 1.7 per cent last year

Condo resale prices grew 1.7 per cent last year

Fresh property news selection on January 15. 2020, Wednesday.

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The resale market for non-landed private homes felt the effects of the cooling measures last year with prices marginally higher while the transaction number crashed, flash figures noted yesterday.

Overall prices rose 1.7 per cent with all areas registering increases.

 

The prime core central region was up 1.5 per cent, the rest of the central region or city fringes rose 0.6 per cent and the outside of central region by 2.3 per cent.

A total of 9,017 resale, non-landed private homes were sold last year, 27.4 per cent lower than in 2018, according to the estimates from SRX Property.

Ms Christine Sun, head of research and consultancy at OrangeTee and Tie, said 2018's stronger volume was mainly driven by a higher number of homes sold in the first half of the year before the cooling measures were implemented in July.

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Previous news selection

Singapore condo resale volume shrinks 27.4% in 2019: SRX


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