Private condo resales volume down 7.2% in November

Prices increased 1.5% in November YoY.

Resale volume of private condos decreased by 7.2% to 801 units in November, compared to 863 units transacted in the month of October, according to a report by property statistics SRX Singapore.

Meanwhile, recorded volumes for November were much higher than in the same month last year, with a 25% increase YoY. It is also higher than the 5-year average volume for the month of November. Majority of the volume comes from outside central region (OCR) with 49.7%.

Prices saw a slight drop of 0.1% over the month of October, whilst prices increased YoY by 1.5% in November. Breaking down into regions, prices in CCR and OCR properties increased by 1.1% and 2.9%, respectively, whilst prices for the rest of central region (RCR) dipped 0.6%.

The highest transacted price for a resale unit in the month was achieved at $25.08m at Hilltops. In RCR, the highest transacted price was a unit at The Crest resold for $3.7m, whilst in OCR, the highest transacted price was a unit at The Trilinq resold for $4.98m.

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