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Condo resale volume jumps by 10% in October
505 units were resold this month.
More Singaporeans are biting condo resale offers, as 505 condos were resold this month, compared to just 460 units in September.
However, data from SRX Property says resale volume in October 2015 was flat yoy, with 504 units resold last October 2014.
Resale volume is also down 75.4% compared to its peak of 2,050 units resold in April 2010.
Meanwhile, condo resale prices also dropped by 0.6% compared to last month.
“In individual sectors, CCR, RCR and OCR all posted a price drop of 1.1%, 0.5% and 0.4% respectively,” SRX Property said.
Year-on-year, the prices were also down by 2.6%, and down 7.6% from its recent peak in January 2014.
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