Resale transactions up 30% in Aug, best result since 2013

Romesh NavaratnarajahSeptember 21, 2016

The Interlace - by CapitaLand Singapore-crop

Many of the resale transactions came from recently completed projects, such as The Interlace. (Photo: CapitaLand)

Despite slower developer sales, resale transactions rose 30 percent year-on-year in August, its best showing since 2013, reported Singapore Business Review, citing a DBS Research report.

Of the 1,621 property transactions registered in recent months, 787 were resale deals.

“This mainly came from selected major re-launches in the Central region – namely The Interlace (34 units), d’Leedon (41 units) and OUE Twin Peaks (31 units),” said DBS Research.

This comes as primary sales recorded disappointing numbers, falling 17 percent year-on-year to 805 units in August.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email

Sep 22, 2016
Pak, I'd like to know whether do u have proof to support your "nose diving" comment?
Sep 21, 2016
Buying activity is returning to the market. All money from London after Brexit and other countries flowing into Asia. Surplus liquidity, low interest rate, S&P 500 index at record level....where to park the money.......where else other than real estate ...??? Positive Sentiments... transaction volumes to further go up and cooling measures to remain...
pak on wong
Sep 21, 2016
Best results is actually very bad news. It means a lot of forced sales and big losses. Singapore property market is nose diving.
pak on wong
Sep 21, 2016
Must be making big losses in these resale transactions especially these are recently completed projects, government taxes alone is already a huge amount.

You may also like these articles

Surge in supply may drag down home prices

Close to 25,000 private units are expected to enter the market in the next year, said a report.  Private home prices here are expected to be dragged down by the large upcoming supply of 10,262 uni

Continue ReadingSeptember 19, 2016

Singapore home prices remain depressed

House prices in the city-state fell almost three percent during the year to Q2 2016. Singapore's housing market is still weak, with house prices falling 2.94 percent during the year to the second q

Continue ReadingSeptember 20, 2016

New programme to help fund costs of modernising HDB lifts

The new Lift Enhancement Programme will support costs of modernisation of HDB lifts. (Photo: mailer_diablo, Wikimedia Commons) The Housing and Development Board (HDB) has launched a new Lift Enhanc

Continue ReadingSeptember 20, 2016