Singapore, 30 Jun 2023 After rising by 8.9% in June, transactions in the condo resale market are expected to slow in June, according to analysts.
In her outlook, OrangeTee's Christine Sun said the buyers may not have enough cash to pay the ABSD upfront even if they can apply for remission after selling their flats. This means some buyers may opt for resale condos that are ready for urgent occupation.
"Several successful new launches may have also reignited the buying interest in the secondary market, especially for affordable resale alternatives in the vicinity," said Sun, Senior Vice President of Research & Analytics.
Sun said more condos may be slated for completion and foresee that more units could be sold in the coming months.