Q3 condo subsales hit 10-year high amid price surge, post-pandemic completions

SUBSALES of suburban condominiums are on the rise as buyers cash in on a strong run-up in prices.

There were 355 subsale transactions in the third quarter of 2023, data from the Urban Redevelopment Authority (URA) indicated. This was the highest quarterly figure since Q1 2013, when there were 395 transactions.

Condominiums in the Outside Central Region (OCR) or suburbs accounted for over 60 per cent of subsale transactions in Q3, while 36 per cent came from the Rest of Central Region. The remainder were from the Core Central Region.