Chart of the Day: Are residential resale transactions losing its lustre?

It went down from its peak in April 2016.

Resale transactions have seen an increase in the past eight months, starting in March 2016 with around 600 units resold. From there, resale transactions hovered over 600 units, peaking at May 2016 with around 800 units sold.

However, in January 2017, resales were down 439 units, 23% down from 573.

According to SRX Property data, non-landed Private Residential Resale prices increased by 1.1% in January 2017 compared to December 2016. In individual sectors, CCR, RCR and OCR recorded a price increase of 1.9%, 1.5% and 0.4%, respectively.

This came as resale volume increased 9.1%, with an estimated 526 Non-landed Private Residential units sold in January. This is compared to 482 units resold in December.