Savvy buyers zoomed in on CCR last year, URA data shows

Singapore

AMID the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016's outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the region.

The total number of private homes sold in CCR through both primary and secondary markets surged 48.7 per cent to 2,764 units in 2016 over the preceding year, shows JLL's analysis of the Urban Redevelopment Authority's (URA) latest data.