18 Apr '18, 1am

Resale condominium prices continue to rise

The real estate market’s recovery seems to be forging ahead with prices of resale condominiums up once more. This time hitting a new high. Ripple Bay . Picture: iProperty Prices of resale condominiums rise by 1.5% Island-wide, prices of resale private apartments rose by 1.5%. This increment is even higher than February’s peak and gives hope to the journey ahead. Resale prices of condominiums in the core central area rose the most with a 2.2% increase. In the rest of the central region (RCR) and outside the central region (OCR), prices rose 1.3%. URA’s flash estimates showed that prices in the first quarter of this year were 3.5% higher than the last quarter of 2017. In a year-on-year comparison to 2017, there was an 8.5% increase. Resale volume rising steadily Hillview Regency. Picture: iProperty Some property sector practitioners are seeing more buyers coming from a pool ...

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

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