Condo resale prices up 0.3% in October

Resale prices of condos in the CCR fell 1.1%, offset by prices in RCR and OCR.

Condo resale prices rose 0.3% in October compared to the month prior, slowing down from September’s 1.5% rise, according to data from SRX.

Prices of condos in the core central region (CCR) fell 1.1% from August, offset by a 0.6% increase each from condo prices in the rest of central region (RCR) and outside central region (OCR).

Compared to October 2021, condo prices are 10.5% higher, with prices rising 5.7% in the CCR, 9.9% in the RCR, and 12.3% in the OCR.

Meanwhile, less units were resold in October compared to September. An estimated 1,240 units moved during the month, which is 11.6% lower than the 1,402 units resold in the previous month.

Volumes are also 24.2% lower than a year ago.

By region, the OCR made up 61.1% of condo resale volumes, whilst 23% are from the RCR and the remaining 15.9% of condo units resold are from the CCR.

A unit at the 3 Orchard By The Park was the most expensive resold condo unit in October, netting S$13.003m.

In RCR, a unit at Reflections At Keppel Bay resold for $12.5m; whilst in OCR, a unit at The Hacienda was snapped up for S$5.4m.

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