May 2019 sees a 0.4% growth in resale prices as compared to April 2019 based on SRX’s monthly figures. This will be the fourth consecutive growth thus far. Leading the way in the non-landed private property segment are properties from Rest of Central Regions and city fringe which had a gain of 0.8%.
In terms of sales volume, May 2019 has a decent gain of 3% , bringing it to a total of 835 units sold as compared to 811 units sold in April 2019. Year on year, overall condo prices rose 2.3 per cent.
Mr Nicholas Mak, a property market veteran noted that the market remains is stable as the resale volume remains largely unchanged from March to May 2019. A possible reason for this upward price trend in resale could be the higher PSF launch prices by the recent new launches lately.
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