Condo resale prices have risen for the 15th consecutive month in October, will all market segments seeing a rise in prices.
"Currently, there seem to be more buyers than sellers in the market especially in the suburbs where many HDB upgraders are looking for replacement homes after selling their flats in recent months. As the supply of new homes remains tight in the mass market region, prices rose the most by 9.4 per cent year-on-year in the Outside of Central Region," said Christine Sun, senior vice-president of research and analytics, OrangeTee & Tie.