26 Nov '17, 1pm

Significant increase in number of resale private homes sold

Significant increase in number of resale private homes sold

The season to go shopping is not limited to retail. The real estate market has seen a boost in private home transactions last month with an 18.7% leap. Ritz @ Farrer Revival of real estate market The local property market is slowly but surely coming back to life after quarters of decline since its peaks in 2010 and 2014. 1,461 non-landed private homes were sold in October, up from the 1,231 units in September. The number of private homes sold in the first 10 months of this year is already 46% higher than the total transaction volume from last year. In a year-on-year comparison, only 658 units were sold in October 2016, making this year’s leap one of a whooping 122%. Sentiments are certainly picking up, and the pace of sales have moved steadily ahead. Demand, pent-up or not, have increased and continues to grow. 12,600 resale private non-landed homes expected to be sold thi...

Full article: https://www.iproperty.com.sg/news/significant-increase-in...

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