Private condo resale prices up 0.5% in April as sales volume hits new high

Almost 700 units were resold last month.

Resale prices of non-landed private residential homes booked a 0.5% month-on-month increase in April, led by gains in the resale values of prime homes.

Statistics from SRX Property show that prices in the Core Central Region (CCR) and the Rest of Central Region (RCR) rose by 0.7% and 1.3%, respectively, while prices of mass-market homes in the Outside Central Region (OCR) dropped by 0.2% month-on-month.

On a year-on-year basis, resale prices of prime homes rose by 3.2%, while resale values of city fringe properties increased by 0.9%. Meanwhile, prices of pre-owned homes in the OCR dropped by 2.9%.

Transaction volume surged by 17.6% month-on-month in April. An estimated 689 units were sold during the month, compared to 586 units resold in March. This represents a 3-year record since the last high of 726 units in May 2013.

On a year-on-year basis, resale volume in April 2016 was 28.1% higher compared to 538 units resold in April 2015;

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia