Chart of the Day: Private units sold in secondary market jump 6.5% in Q1

Due to construction delays, buyers may prefer "ready-to-move-in" properties.

This chart from Savills Singapore shows that the number of private residential units sold in the secondary market jumped 6.5% QoQ to 4,607 units in Q1 2021.

Due to uncertainties of construction delays, buyers may prefer properties that are in “ready-to-move-in” condition, the report said. Also, the significant price gap between new and resale properties may have customers to consider resale properties instead.

The transaction volume in the resale market across all three market segments registered QoQ growth, with the largest increase of 16% coming from the core central region (CCR) with 865 units transacted.

This was followed by a 12.3% growth in the rest of the central region (RCR) with 1,312 units transacted and a 0.7% increase in the outside central region (OCR) with 2,430 units transacted.

Follow the link s for more news on

Singapore

private home sales

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia