Condo resale volume drops 5.5% MoM in May

Year-on-year, however, volume rose by 7.2%.

The number of condo units resold in May 2024 hit 1,084, translating to a 5.5% MoM decrease from April 2024’s record of 1,146 units.

The May 2024 volume, however, was 7.2% higher than the May 2023 record, according to 99.co and SRX.

The latest figure is also 19.2% higher than the five-year average volumes for May.

Of the total units resold during the month, 51.7% were from the Outside Central Region (OCR), 31.3% from the Rest of Central Region (RCR) and 17.1% from the Core Central Region (CCR).

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