Singapore condo resales sink further but prices hold steady

Resale property transaction volume dipped in the month of May but prices remained steady. The number is similar to that of 2009 during the financial crisis. There is a group of buyers who is still waiting for the day when government allow viewings to be done freely. Once that happens, we will likely to see an increase in transaction volume and with that, there will be an influx of cash into the property market and this might caused the price to increase when there’s more demand than supply. Daintree Residence has sold several units during the circuit breaker period with a few stacks fully sold out.

Source: The Straits Times

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