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Singapore condo resale volumes rebound in July, up 22.5%: SRX

Gains in overall volumes and prices driven by demand for condos outside of central region (OCR)

Vivienne Tay

Published Wed, Aug 11, 2021 · 05:50 AM

SRX Property

Singapore

SINGAPORE condominium resale volumes rebounded in July after falling for two consecutive months. Overall prices, meanwhile, continued to climb, according to flash figures from SRX Property on Tuesday.

Gains in overall resale volumes and prices were driven by demand for condos in the suburban or outside of central region (OCR). The OCR had contributed to more than half (58 per cent) of volumes; prices meanwhile, were up 1.6 per cent, the highest increase among the different regions.

The other regions are the rest of central region (RCR) and core central region (CCR), which rose 0.3 per cent and 0.1 per cent, respectively. Year on year, the OCR, RCR and CCR advanced 7.7 per cent, 8.3 per cent and 8.2 per cent, respect…