SINGAPORE - Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday .
Overall, prices in May finished 0.1 per cent higher than in April. Year on year, they are 0.6 per cent lower than May 2019. "Most potential buyers still prefer to inspect the premises in-person and assess the condition of the units before making a purchase. Sales volume may pick up again when physical house viewings are allowed to resume," she said.
SRX data also shows that the highest transacted price for a resale unit in May came from an apartment at Nassim Park Residences, which went for $10.6 million. "The ongoing sales of super-luxury condominiums during the circuit breaker period indicate that Singapore remains attractive to ultra-rich investors as a safe haven investment destination," said Ms Sun.
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