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Singapore condo resales sink further but prices hold steady in 2nd month of circuit breaker

Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday (June 9).

About 171 units were resold in May, similar to levels seen during the financial crisis of 2009. This volume is a 43% decrease from the 300 units resold in April, according to SRX figures.

“Most potential buyers still prefer to inspect the premises in-person and assess the condition of the units before making a purchase. Sales volume may pick up again when physical house viewings are allowed to resume,”

– 9 June 2020

Read Full Article at https://www.straitstimes.com/singapore/housing/singapore-condo-resales-sink-further-but-prices-hold-steady-in-2nd-month-of

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