Singapore condo resale volumes hit 11-year high; prices up 1.5% in April: SRX
Transactions likely driven by HDB upgraders, say property analysts; delays in BTO flats also cited
Add BT as a preferred source
Singapore
HDB upgraders were likely drivers of condominium resale transactions in April, property analysts noted after resale volumes hit an 11-year high according to flash figures from real estate portal SRX Property.
There were 1,993 units resold in April 2021 - the highest monthly volume seen since April 2010. There was a 7.9 per cent increase in volumes from 1,847 units resold in March 2021. Year on year, April 2021's volumes were six times that of April 2020's resale volumes and more than double the five-year average volumes for the month of April.
TRENDING NOW
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
‘How come you’re so young?’: Gen Z couple takes on Singapore’s established bullion dealers
