Condo resale prices eke out 1.7% gain in 2019 as number sold drops 27%: SRX data

Source: https://www.straitstimes.com/business/property/condo-resale-prices-rise-17-in-2019-flat-in-december-srx

Prices in the resale market for private residential excluding landed properties increased less than 2% in 2019 from 2018. The volume of transactions in the resale market was almost 30% lesser than that in 2018. This is largely due to the intense competition of new project launches like Treasure at Tampines. Even though demand is likely to increase in the private residential category, buyers would tend to prefer new projects over resale units.

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