10-month private condominium resale volume beats 2016 total

Resale volume jumped 122% to 1,461 units.

The resale volume of private condominiums surged by 122% YoY from 658 units in 2016 to 1,461 units in 2017, the Singapore Real Exchange (SRX) revealed.

According to flash data, the private resale non-landed volume for the first 10 months of the year is also 46% higher than the entire 2016.

"Total volume this year is expected to be about 65% higher than last year," SRX said.

Meanwhile, the prices of private condominium resales jumped by 6.3% YoY in October. In individual sectors, Central Core Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) recorded price hikes of 6.4%, 7.5%, and 5.5%, respectively.

However, the prices were still down by 2.9% from the peak in January 2014.

Meanwhile, the price index value of RCR prices reached a new peak at 184.6. The last highest value was recorded in 2013.