With the breathless pursuit of property in Singapore despite Covid-19, 2020 ended on a robust showing in the condo resale market. Resale transactions for non-landed private homes rose 18.1 per cent in 2020 from a year ago, flash figures from SRX Property showed on Tues. A total of 10,712 properties changed hands. For the whole of last year, resale prices rose by 1.4 per cent, with Nicholas Mak, ERA’s head of research and consultancy, noting that the price index ended 2020 on the highest level since statistics from the real estate portal were made publicly available. The gain was a touch weaker than the 1.8 per cent increase recorded in 2019. In Dec, resale prices rose for the fifth straight month. Volumes, however, were down 5.1 per cent to around 1,236 resold units, from 1,302 units resold in Nov 2020. Y-o-y, volumes were 79.4 per cent higher and 96.4 per cent higher than the five-year average volumes for the month of Dec. RCR and OCR both rose m-o-m by 0.3 per cent and 0.5 per cent respectively. Meanwhile, resale prices in CCR dropped by 0.4 per cent.... Continue Reading