Condo resale prices in May show slower growth

Prices rose 0.4% MoM and 4.2% YoY.

Condo resale prices rose slower in May, rising 0.4% MoM and 4.2% YoY, according to data from 99. co and SRX showed.

In April, prices rose 1.5% MoM and 5.1% YoY.

Across submarkets, only prices in the Core Central Region (CCR) remained stagnant in May.

Year-on-year, CCR reported a 1.9% decrease in prices.

Prices in the Rest of Central Region (RCR) and Outside Central Region (OCR) both rose 0.3% month-on-month (MoM). YoY, prices rose 6.0% for RCR and 5.7% for OCR.

In May, the highest transacted price for a resale unit was $14m at St. Regis Residences Singapore in the CCR.

Meanwhile, the highest transacted price in the RCR is a unit at The Waterside resold for $4.96m.

In the OCR, the highest transacted price was $5.53m for a unit at Grand Duchess at St. Patrick’s.