Resold condo units collapsed 62.4% to 770 units

It is the lowest resale volume in six years.

The resale volume of non-landed residential homes plunged 62.4% to a two-year low of estimated 770 units against its peak of 2,050 units in April 2010.

Singapore Real Estate Exchange’s resale market report showed that the resale of condos in July 2016 was 10% higher compared to 700 units resold a month ago.

Resale of residential properties in July 2016 was also 31.4% higher than 586 units resold in the same period last year, SRX added.

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