Condominium resale fall 8.5% in Q3 2019

Victor Kang19 Nov 2019

Private Homes in Singapore

The Rest of Central Region (RCR) recorded the biggest resale drop of 10.7%.

Island-wide condominium resale volumes in Q3 2019 dropped 8.5% quarter-on-quarter (QoQ) to 1,855 units, compared to 22% QoQ in Q2 2019, reported Singapore Business Review citing Edmund Tie.

READ: Is the ‘wait-and-see’ property market finally over?

Ong Choon Fah, Edmund Tie CEO, believes the drop may have been caused by the increase in launches offering new units, causing buyers to turn to the new sale market. 

Resales for the three market segments decreased, with the Rest of Central Region (RCR) suffering the biggest drop of 10.7%. The Outside Central Region (OCR) and the Core Central Region (CCR) both recorded 7.6% declines.

Looking for a property in Singapore? Visit PropertyGuru’s ListingsProject Reviews and Guides.


Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email


You may also like these articles

Non-landed private resale home transactions drop 1.5% in September

OrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over the previous years. Transaction volumes for non-landed private resale homes dropped for the second conse

Continue Reading9 Oct 2019

Private home prices, HDB resale prices up in Q3 2019

Meanwhile, buyer demand for HDB resale flats has remained surprisingly resilient, with 6,264 resale flats changing hands, which is almost on par with the 6,276 units transacted in Q2 2019.Despite ris

Continue Reading25 Oct 2019

Private home sales drop 27% in October

However, the sales figures still show an 84.9% increase compared to a year ago.New private home sales in Singapore fell 27% in October from September, reported Channel News Asia, based on the data re

Continue Reading18 Nov 2019