Singapore, 13 Sep 2022 Condominium resale volume fell for the fourth consecutive month in August, as sales activity typically slows down in the seventh month of the lunar calendar during the Hungry Ghost Festival.
However, condo resale prices continue to hold strong, edging up 1.2 per cent for the 25th straight month in August, according to flash figures from real estate portals 99.co and SRX released on Tuesday.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun noted that the lack of home supply in the suburbs has turned that segment into a largely seller's market, evident from the 1.5 per cent price increase in the outside central region.