CCR sees surge in resales of properties priced $5m and below

Properties priced $5m and below accounted for 95.5% of resale transactions in the CCR.

The Core Central Region (CCR) has seen an increasing proportion of properties being transacted for $5m and below, according to PropNex.

Data from the real estate expert showed that about 95.5% of CCR condo resale transactions were sold for $5 million and below in October, up from 90.4% in September.

The CCR segment also posted the biggest jump in resale volumes in October, growing by 33.9% MOM.

“With CCR home prices staying relatively flat, more opportunistic buyers have been entering the market to pick up reasonably-priced CCR homes, spurring some momentum in the segment,” PropNex said.

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