Condo resale prices up 5.3% YoY in July

An estimated 1,076 resale units were resold, up 15.1%.

Condo resale prices were up 5.3% year on year (YoY) in July, according to 99.co and SRX’s report.

On a monthly basis, overall prices increased by 0.7%.

By region, prices in the Rest of Central Region (RCR) and Outside Central Region (OCR) increased 2.1% and 0.1%, respectively, whilst those in the Core Central Region (CCR) slipped 2.1%.

An estimated 1,076 resale units were resold in July, up 15.1% from 935 in June.

Still, resale volumes were 5.6% lower than in July last year and remained stable compared to the five-year average for July.

Of the transactions, 50.5% were in the OCR, 32.6% in the RCR, and 16.9% in the CCR.

The highest transacted price for a resale unit in July was $13m at Boulevard 88.

In RCR, the highest deal was $8.4m for a resale unit at The Sovereign.

In OCR, the highest transaction was a unit at Ocean Park, which resold for $4.1m.