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April condo resale prices up 1.5%; volumes at I3-month high
The Straits Times
|May 28, 2024
Analysts note increase in foreign buyers, causing prime district transactions to rise 23.3%
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Condominium resale prices rose by 1.5 per cent in April after trending sideways for the past six months.
This came as volumes reached a 13month high. Flash data from real estate portals SRX and 99.co released on May 27 showed that 1,122 condo units changed hands for the month, up from the 911 units resold in March.
Volumes were up 25.8 per cent year on year, and were 17.6 per cent higher than the five-year average volumes for the month of April.
Property analysts from real estate agencies Huttons, PropNex and Singapore Realtors Inc (SRI) observed an increase in foreign buyers during the month. This led to resale condo transactions in the core central region (CCR), or prime district, rising 23.3 per cent compared with March.
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