Core Central Region leads in resale condo market

Singapore

FOR the second consecutive year, the prime area or Core Central Region (CCR) has outperformed the rest of the island in terms of resale prices for non-landed private homes, according to latest data from SRX Property.

Moreover, the volume of resale transactions of private apartments and condos in CCR rose 52.5 per cent to 2,048 units last year - a faster clip than the increases of 24.2 per cent in the city fringe or Rest of Central Region (RCR) and 18.2 per cent in the the suburbs or Outside Central Region (OCR).