Singapore condo resale volumes pick up, prices hold steady in June: SRX
Jump in transactions reflects "pent-up demand" from circuit breaker and semi-lockdown period
Singapore
RESALE prices of non-landed private homes were stable in June, with sales volume recovering from the previous month, according to flash figures from real estate portal SRX Property on Tuesday.
Last month, 497 units were resold, representing a 174.6 per cent increase, or more than double the 181 units resold in May this year. However, last month's resale volume is 26.3 per cent lower than in June 2019, and a 40.7 per cent drop from the five-year average volume for the month of June.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies