Siew Ying Wong News Today : Breaking News, Live Updates & Top Stories | Vimarsana
More HDB flats to be resold over $1m: analysts
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Wealthy investors and family offices drive demand for shophouses in H1
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New home sales plunge 73 2% in June, but rebound imminent in July
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Condo resale market to slow in June: analyst
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Luxury units and big resale condos are reportedly in demand.
Condo resale prices climbed for the fourth straight month in November as transaction volumes continue to improve in tandem with the recovery of market sentiment.
Overall resale prices were 1.3% YoY higher compared to November 2019, according to the latest report by SRX, thanks to price increases in the Rest of Central Region (RCR) and Outside of Central Region (OCR) at 1.8% and 1.4%, respectively.
This was slightly offset by a 0.6% decrease in the condo resale prices in the Core Central Region (CCR).
Pent-up demand and improving market sentiment helped drum up sales, said Siew Ying Wong, head of research and content, PropNex.