Singapore, 14 Jun 2022 The month of May saw a slight increase in resale condominium unit prices for the 22nd consecutive month, and transactions increased as buyer confidence increased despite property cooling measures. According to data from real estate portals 99.co and SRX, condominium resale prices increased 0.3% in May, less than the 0.7% increase seen in April (June 14).
Data indicated that prices had increased by 8.4% since May of last year. Condominium prices in the suburbs and on the outskirts of the city increased by 0.5% and 0.7%, respectively, in May, while they decreased by 1.2% in the core central area.