147 views
Rochor Centre, Singapore. Photo courtesy of Danist Soh (Unsplash)

Condo resale prices up 0.3% in October

Resale prices of condos in the CCR fell 1.1%, offset by prices in RCR and OCR.

Condo resale prices rose 0.3% in October compared to the month prior, slowing down from September’s 1.5% rise, according to data from SRX.
 
Prices of condos in the core central region (CCR) fell 1.1% from August, offset by a 0.6% increase each from condo prices in the rest of central region (RCR) and outside central region (OCR).
 
Compared to October 2021, condo prices are 10.5% higher, with prices rising 5.7% in the CCR, 9.9% in the RCR, and 12.3% in the OCR.
 
Meanwhile, less units were resold in October compared to September. An estimated 1,240 units moved during the month, which is 11.6% lower than the 1,402 units resold in the previous month.
 
Volumes are also 24.2% lower than a year ago.
 
By region, the OCR made up 61.1% of condo resale volumes, whilst 23% are from the RCR and the remaining 15.9% of condo units resold are from the CCR.
 
A unit at the 3 Orchard By The Park was the most expensive resold condo unit in October, netting S$13.003m.
 
In RCR, a unit at Reflections At Keppel Bay resold for $12.5m; whilst in OCR, a unit at The Hacienda was snapped up for S$5.4m.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!