Condo resale prices rise 1.6% MoM and 6.1% YoY in January

All submarkets reported price increases.

Condo resale prices rose 1.6% MoM and 6.1% YoY in January, 99. co and SRX reported.

Amongst submarkets, the Core Central Region (CCR) recorded the highest MoM increase of 2.8%, followed by the Rest of Central Region (1.7%) and Outside Central Region (1.2%).

Year-on-year, all submarkets also recorded price increases, led by OCR (6.5%), RCR (5.8%), and CCR (4.1%).
In January, the highest transacted price for a resale unit was $13.8m at The Ritz-Carlton Residences Singapore, Cairnhill, in the CCR.

Meanwhile, the highest transacted price in the RCR was a unit at Reflections at Keppel Bay, resold for $7.2m.

The highest transacted price in the OCR was $3.38m for a unit at Skies Miltonia.