SRX
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Holiday activities, rising interest rates to blame for low condo resale volume
Condo resale volumes declined 14.5% month-on-month in August 2022.
Condo resale volumes down 14.5% MoM in August
Over 1,000 units were resold in August from 1,327 units in July.
Chart of the day: HDB rents rises by 1.5% MoM in July
Overall YoY rents increased by 19.1%.
Chart of the day: OCR logs largest volume for condo resale in July
The highest resold condo in the region cost $3.4m
Chart of the day: Condo resale volumes falls 30.7% in July
Only 1,248 units were resold in July, a decrease of 6.7% from June.
No recovery yet for HDB resale demand since cooling measures: analyst
HDB sales are 11.3% lower and below the 12-month average.
July posts 33 million-dollar flats sold – second-highest in a month
This number accounts for 1.4% of the total resale volume in July.
Rise of the rents: Condo and HDB rents continue monthly climb
Analysts are divided on why rents continue to increase.
Condo resale prices rise 9.4% in June amidst limited home supply in suburbs
But volumes are lower by 17% as more potential buyers opt to travel overseas instead of shop for new homes.
Chart of the day: May condo rents rise by 2.8% MoM
This is the seventeenth consecutive month that rents have increased.
Condo rents up 1.6% MoM for January 2022
HDB rentals, meanwhile, also saw a 1.2% increase.
HDB resale prices up 1.1% MoM in January 2022
At least 27 HDB resale flats were transacted for around $1m.
Condo rents pick up 1.1% MoM in December 2021
HDB rents also climbed 1.4% MoM, according to 99.co and SRX.
Condo rents up 1.1% MoM in November
HDB rents also increased by 0.8%.
Condo rents up 0.7% m-o-m in September
HDB rents, meanwhile, saw an increase by 0.6% m-o-m.
Condo resale prices up 1% in September 2021
An estimated 1,736 units were resold in September.
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