Singapore condo resale volumes drop 3.8%
October 12, 2021 - Singapore
According to SRX Property, Singapore resale condo volumes dipped in September after rising in August and July, while prices continued to rise for the 14th straight month.
Huttons Asia chief executive Mark Yip commented that the buyers turned to the resale market for their housing needs because of the absence of major launches in September.
SRX noted a 3.8 per cent drop in resale volumes in September to 1,736 resold units, from 1,805 units that changed hands in August. Volumes were 35.9 per cent higher year on year and 84.1 per cent more than the 5-year average volumes for the month of September.
Overall resale prices in September 2021 rose 1% from the month before and were up 8.9% year on year.
Source via Businesstimes