THE number of condominium resale transactions slid 11.6 per cent in October after seeing a slight recovery in September, according to flash figures from SRX and 99.co on Tuesday (Nov 8).
Although overall resale prices continued to rise for the 27th straight month in October, the price growth slowed to 0.3 per cent in October, the lowest growth recorded since June 2021.
Some buyers may have held back their upgrading plans temporarily while they reassess their finances in light of rising home loan interest rates and more stringent total debt servicing ratio calculations, said OrangeTee & Tie chief executive Steven Tan.