Condo resale prices increase by 7.2% YoY in January

Across submarkets, OCR posted the highest year-on-year price increase.

Condo resale prices picked up in January, rising 7.2% YoY, data from 99. co and SRX showed.

On an MoM basis, however, resale prices slipped 0.8% YoY.

Across submarkets, the Outside Central Region (OCR) posted the highest year-on-year increase in prices at 9.9% YoY, followed by the Rest of Central Region (RCR) (7.9% YoY) and Core Central Region (CCR) (2.4% YoY).

The highest transacted price for a resale unit in January was $16.5m at  The Ritz-Carlton Residences Singapore Cairnhill in CCR.

Meanwhile, the highest transacted price in the RCR is a unit at Meyerhouse resold for $9.28m.

In the OCR, the highest transacted price was $3.9m for a unit at Grand Duchess At St Patrick’s.