by OrangeTee & Tie Pte Ltd.

Singapore condo resales hit 11-year high in April, prices rise 1.5%

SRX Private Residential Data

SRX Private Residential Data

Singapore, 11 May 2021

SINGAPORE - The private resale housing market remained robust with the number of condominium units resold in April hitting an 11-year high as prices rose 1.5 per cent from the previous month.

Resale volume last month jumped by 7.9 per cent to an estimated 1,993 units from 1,847 units in March, representing the highest monthly volume since April 2010, according to flash data from real estate portal SRX released on Tuesday (May 11).

Volumes last month were estimated to be 528.7 per cent higher than in April last year, and 125.2 per cent more than the five-year average volumes for the month of April.

Year on year, prices rose 5.8 per cent over April 2020.

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