Singapore, 10 Aug 2021 SINGAPORE condominium resale volumes rebounded in July after falling for two consecutive months. Overall prices meanwhile, continued to climb, according to flash figures from SRX Property on Tuesday.
Gains in overall resale volumes and prices were driven by demand for condos in the suburban or outside of central region (OCR). The OCR had contributed to more than half (58 per cent) of volumes, prices meanwhile, were up 1.6 per cent, the highest increase among the different regions.
The steep jump in prices comes as supply remained the lowest among all segments, noted Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics.