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 romesh@propertyguru.com.sg

Batman
Sep 22, 2016
Pak, I'd like to know whether do u have proof to support your "nose diving" comment?
VShan
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.
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