SINGAPORE - Resale condominium and apartment prices remain unchanged for the month of August, while volume of sales fell, according to monthly figures from real estate portal SRX Property released on Tuesday .
That being said, sales volume was 4.3 per cent higher than in August 2018 and above the 12-month average of 702 units from August 2018 to July 2019, she noted. Taking a longer-term view, they are 1.7 per cent lower than the five-year average volume for August, SRX data showed. Year on year, overall resale prices increased 0.2 per cent. The RCR saw a price increase of 1.9 per cent, while the OCR inched up 0.1 per cent. Meanwhile, the CCR saw a price drop of 2.2 per cent.
Ms Sun added that resale home prices in CCR and RCR have"risen in tandem" with higher launch prices of new projects in these market segments. The new launches' higher prices could be due to their freehold status, better quality finishing, as well as being situated in choice locations."Some projects were also acquired at higher land costs during the last collective sales cycle," she added.
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Singapore condo resale prices hold steady in August, sales volume down: SRXSINGAPORE resale condominium and apartment prices remain unchanged for the month of August, while volume of sales fell, according to monthly figures from real estate portal SRX Property released on Tuesday. Read more at The Business Times.
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