by OrangeTee & Tie Pte Ltd.

Condo resale volume up 17% in March

SRX Private Residential Data

March 2020

Singapore, 15 Apr 2020

Resales of private non-landed homes rose to 700 units sold in March, compared to 606 units sold in February.

Orange Tee & Tie's head of research and consultancy, Ms Christine Sun, said last month's higher sales could be attributed to transactions struck before the escalation of the Covid-19 crisis in late March. And buyers in urgent need of a home could have rushed to seal a deal before stricter safe distancing measures kicked in.

"We may expect sales to slow down next month as house viewings are currently being postponed as a result of the circuit breaker measures," added Ms Sun.

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