by OrangeTee & Tie Pte Ltd.

Resale condos see strong sales as prices hold firm: SRX

SRX Private Residential Data

SRX Private Residential

SG, 13 Oct 2020

Resale condominium prices remained steady amid strong demand last month, with over 1,000 units sold for the 3rd consecutive month. An estimated 1,286 resale condominium units changed hands last month - up 0.4 per cent from August and 62.8 per cent higher than in September last year, according to flash figures from SRX Property yesterday.

"More buyers are thronging the resale market in search of "value buys", especially attractively priced, large-sized resale units. URA Realis data showed that 33.9 per cent of condo resale transactions last month were for units between 800 sq ft and 1,200 sq ft, while 47.7 per cent of transactions were for larger units of 1,200 sq ft and above," said Ms Christine Sun, head of research and consultancy at OrangeTee & Tie.

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