Singapore condo resale prices up 0.4% in May, rising for 4th straight month: SRX

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After gaining a healthy 0.8% in April, Singapore resale private non-landed property price continue its streak by a 0.4% overall bump in May compared to the previous month, according to SRX data.

Core Central Region (CCR) reported the least growth of 0.1%, where Rest of Central Region (RCR), also known as city fringe area, lead the game with an increase of 0.8%.

Sales volume also saw a 3% jump to 835 units transacted in the month of May. Notably, condo prices has increased by 2.3% compared to a year ago despite a cooling measure was implemented in July 2018; property buyers is undeterred when there’s a good opportunity to invest their money in.

This shows that favourable location and reasonably priced for future capital appreciation and rental yield remain the top consideration factor for potential home seekers and savvy investors looking for good buy. The steady sales figure at Parc Esta is a good indication that the optimal price point allow investors to reap profit looking at the progress of transformation in the area.

photo:srx

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