by OrangeTee & Tie Pte Ltd.

S'pore condo resale prices up by slower rate of 0.1% in June; volume falls 12.6%

SRX Private Residential Data

SRX Private Residential Data

Singapore, 13 Jul 2021

SINGAPORE - Resale prices for non-landed private homes grew at a slower pace in June as the number of transactions fell for the second straight month amid tighter Covid-19 measures.

Condominium resale prices edged up 0.1 per cent month on month in June, easing from a 0.9 per cent increase in May, according to flash data from real estate portal SRX released on Tuesday (July 13).

Year on year, resale prices were up 6.8 per cent from June last year, with increases across all regions. Prices rose 6.2 per cent in the core central region or prime areas, while prices in the rest of central region or city fringes climbed 6.5 per cent. Prices in the outlying areas or outside central region rose 7.1 per cent.

An estimated 1,510 units were resold last month, a 12.6 per cent drop from 1,727 units in May.

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