16 Dec '17, 1pm

Resale #condominium prices continue to warm

Resale #condominium prices continue to warm

More signs point to the fact that heightened activity in the local real estate market is here to stay. The sustained rise in resale condominium prices is but one of them. Resale condominium prices rose 5% throughout the year Kingsford Waterbay Prices have risen 0.5% from October following a 1.3% increase in October. Over the course of this year, a 5% rise shows steady movement upwards. And year-on-year increases were reflected in all 3 regions . The largest rise was in the rest of central region, where prices rose 7.3%. In the core central region (CCR) and outside of central region, prices rose 7.1% and 5% respectively. The low number of new launches in the prime districts could have accounted for buyers shopping in the resale condominium market instead. Resale volumes in November were almost doubled that of the same month last year. 1,475 units were sold last month, a 0.9...

Full article: https://www.iproperty.com.sg/news/resale-condominium-pric...

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