Condo resale volume slumps 21% in April

Whilst resale prices remained unchanged.

Non-landed Private Residential Resale prices remain unchanged at 0.0% in April compared to March, the latest report from SRX Property shows.

In individual sectors, RCR and OCR recorded a price increase of 1.2%, 0.1% respectively, while in CCR recorded a price decrease by 1.2%.

On a yearly basis, prices in April increased by 1.8% from April 2016. In individual sectors, CCR, RCR, and OCR recorded a year-on-year price increase of 4.6%, 1.6%, 0.5% respectively. Prices for the month were down by 5.4% from the recent peak in January 2014.

The price change came with the slump in resale volume, with only 907 units resold compared to the previous month's 1148.

Year-on-year resale volume in April was 48.0% higher compared to 613 units resold in April 2016. However, it was down by 55.8% compared to its peak of 2,050 units resold in April 2010.