Distressed condo resale market in October in 3 depressing charts

Condos resold are undervalued by $3,000 on the average.

More Singaporeans are biting condo resale offers, as 505 condos were resold this month, compared to just 460 units in September. The story does not end there, unfortunately.

Comparative data of non-landed private residential resale compiled by SRX Property from last year and the previous peak will show a sluggish condo resale market in October 2015.

The following charts are a solid proof of slackening transaction volumes and falling prices.

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