The private resale market has reached a new pinnacle, underscoring its dominance in the real estate sector. Despite the prevailing high interest rates and the multiple cooling measures, demand for resale homes has seen a revival.
The Urban Redevelopment Authority’s (URA) data shows that the volume of resale home transactions has demonstrated a robust recovery, posting an 11 per cent increase from 7,980 units in the period from January to August 2023 to 8,823 over the same period in 2024.
Read the full article, written by Christine Sun, Chief Researcher and Strategist at Realion (OrangeTee & ETC) Group in the link below.