Posh homes grab the spotlight in Singapore's lifeless private condo resale market

Resale performance in the CCR jumped in June.

The Core Central Region provided the only glimmer of excitement in an otherwise extremely lacklustre month for the private residential resale market.

A report by SRX said that private condo resale prices inched up 0.3% in July, with the CCR booking the largest price increase with a gain of 1.7%.

"We are closely watching the Core Central Region (CCR), particularly District 9. Transactions-Over-X-Value (TOX) posted a positive $37,000, which suggests some positive market sentiment. Indeed, performance in CCR, overall, was much stronger in July than in June," said SRX.

"However, it's too early to tell if this trend has any legs on it, and we will have to wait and see.Until then, we can look forward to the elections with the hope that it will inject some much needed excitement into the property market,” the report added.