Condo resale prices rise for 21st straight month in April

Resale private properties price continue to edge upward in April despite a slight dip in overall transaction volume as a result of new government property cooling measure. Prices are up as compared to April last year. Suburban region contributed 56.3percent to the overall transactions, showing that more buyers are entering the suburban region due to the price gap difference in the RCR and OCR as RCR set a higher price point. We are likely to see upward price trend of suburban resale private properties’ prices as supply of new condos continue to remain low due to low land supply. Riviere

Source: The Straits Times

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