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Slight uptick in resale condo prices and sales in February despite sluggish start to 2024

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Buyers are expected to return as resale market shows signs of stabilising.

SINGAPORE - Resale condo volume and prices saw only a slight uptick in February, attributed to Chinese New Year festivities.

Compared with the year before, condo resale volume was up by 0.9 per cent from 753 units in February 2023, said Ms Wong. Based on Urban Redevelopment Authority Realis caveat data, the median transacted unit price of resale non-landed homes rose by 3.9 per cent from January to February in the CCR and by 0.2 per cent in the RCR, while that of the OCR saw a 0.9 per cent dip.

Ms Christine Sun, chief researcher and strategist at real estate firm OrangeTee Group, said that interest rates, which are expected to moderate, would have a positive impact on the market.

 

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