19 Jul '18, 2am

Fewer resale condominium units sold in June but prices rose 0.2%

While resale condominium prices have indeed risen for a few consecutive quarters, the sales volume has not reflected the same rise. Would the most recent property cooling measures then be considered premature? Rate of increase in property prices may be too quick Onze @ Tanjong Pagar Prices of resale condominium units rose 0.2% in June, making it a 10.6% rise from June 2017. Average prices of this property segment rose 3.8% in the second quarter. Core central region (CCR) prices rose 0.1% in May and in a year-on-year comparison, prices have climbed 10.9% since June last year. The market is well-headed towards a recovery and most of the other regions also recorded price-increments. In the 0utside of the central region (OCR) , resale prices rose 0.4% and is now 11.6% higher than last year. Waterview, Tampines Considering the fact that private property prices fell 11.6% over 5...

Full article: https://www.iproperty.com.sg/news/fewer-resale-condominiu...

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