Singapore, 11 Feb 2020 Condo resale prices and sales volume have gone up in January as the impact from the coronavirus epidemic is expected to only hit the property market from this month onwards.
According to flash data released by real estate portal SRX Property on Tuesday (Feb 11), private resale prices for condominiums and apartments edged up 0.5 per cent in January from December while transaction volume rose 4 per cent.
Christine Sun, head of research and consultancy at OrangeTee & Tie believes that it is still too early to gauge the impact of the coronavirus on the private resale market.
"Currently, there is no major impact on the property market as it is not one of the sectors that are directly affected by the coronavirus, unlike tourism, retail, food & beverage and MICE," she said. MICE refers to meetings, incentives, conferences and exhibitions.