Condo resale prices unchanged MoM, but up 4.6% YoY in August

Price movements across submarkets were mixed on a sequential comparison.

Condo resale prices remained flat in August but increased by 4.6% year-on-year (YoY), data from 99. co and SRX showed.

Price movements across submarkets were mixed, with the Core Central Region (CCR) posting a month-on-month (MoM) decrease of 0.6%, whilst the Rest of Central Region (RCR) recorded a 0.9% MoM increase.

“Although Outside Central Region (OCR) appeared unchanged, it was slightly negative before rounded to 0%, causing the index to dip slightly from 258.8 to 258.7,” 99.co and SRX said.

Year-on-year, however, all submarkets recorded price increases, led by RCR (7.2%), OCR (4.2%), and CCR (1.7%).

In August, the highest transacted price for a resale unit was $12.08m at Nassim Mansion in the CCR.

Meanwhile, the highest transacted price in the RCR was a unit at The Makena resold for $7m.

In the OCR, the highest transacted price was $3.67m for a unit at St. Patrick’s Residences.