307 views
Photo from 99-SRX

Condo resale volume rises 7.1% in July despite YoY dip

The pickup reflects normalising activity rather than the start of a strong rebound.

Condo resale volume reached an estimated 1,075 units in July, slipping 0.6% from July 2025 and up 7.1% from June, according to data from 99.co and SRX.

The July figure also sits 4.1% below the five-year average for the month. Luqman Hakim, Chief Data & Analytics Officer at 99.co, said the improvement appears to be a normalisation in activity, rather than the start of a strong upswing. 

By region, the Outside Central Region (OCR) accounted for 50.8% of resale transactions, followed by the Rest of Central Region (RCR) at 31.6% and the Core Central Region (CCR) at 17.6%. Sub-sale transactions made up 3.5% of total secondary sale transactions in July, down from June.

"Overall resale prices eased even as more units changed hands. This could indicate that buyers remained price-sensitive, with transactions more likely to proceed when sellers were prepared to meet the market," Hakim added.

"Nevertheless, prices were still 2.7% higher year-on-year, suggesting that the monthly decline represents a period of price consolidation rather than a broad weakening of resale values."

Overall prices dipped 0.3% month on month and rose 2.7% year on year. Year-on-year prices in the CCR, RCR, and OCR also rose by 6.2%, 2.8%, and 2.6%, respectively.

 

Join Singapore Business Review community

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.