Condo Resale Prices Continue Uptrend, Volumes Flat in November: SRX, 99.Co

The Business Times2023-12-26

Condominium resale prices continued to climb for the fourth consecutive month in November, although volumes were muted after showing signs of recovery in October.Flash data from SRX and 99.co released...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1134843732?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-26 11:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1134843732","market":"sg","top_or_hot":-1,"title":"Condo Resale Prices Continue Uptrend, Volumes Flat in November: SRX, 99.Co","media":"The Business Times","content":"<div>\n<p>Condominium resale prices continued to climb for the fourth consecutive month in November, although volumes were muted after showing signs of recovery in October.Flash data from SRX and 99.co released...</p>\n\n<a href=\"https://www.businesstimes.com.sg/property/condo-resale-prices-continue-uptrend-volumes-flat-november-srx-99co\">Source Link</a>\n\n</div>\n","source":"lsy1607307803821","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Condo Resale Prices Continue Uptrend, Volumes Flat in November: SRX, 99.Co</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCondo Resale Prices Continue Uptrend, Volumes Flat in November: SRX, 99.Co\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-26 11:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/property/condo-resale-prices-continue-uptrend-volumes-flat-november-srx-99co><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Condominium resale prices continued to climb for the fourth consecutive month in November, although volumes were muted after showing signs of recovery in October.Flash data from SRX and 99.co released...</p>\n\n<a href=\"https://www.businesstimes.com.sg/property/condo-resale-prices-continue-uptrend-volumes-flat-november-srx-99co\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.businesstimes.com.sg/property/condo-resale-prices-continue-uptrend-volumes-flat-november-srx-99co","article_id":"1134843732","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1607307803821","url":"https://www.businesstimes.com.sg/property/condo-resale-prices-continue-uptrend-volumes-flat-november-srx-99co","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1134843732","pubTimestamp":1703562858,"sourceInfo":{"source_id":"lsy1607307803821","name":"The Business Times"},"weMediaInfo":null,"summary":"Condominium resale prices continued to climb for the fourth consecutive month in November, although volumes were muted after showing signs of recovery in October.Flash data from SRX and 99.co released","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"公寓转售价格继续上升，11月成交量持平：SRX，99.Co","themeId":"8dd8b3510ee24ff1ba7734bf3b11b502","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":1.1},"content_text":"Condominium resale prices continued to climb for the fourth consecutive month in November, although volumes were muted after showing signs of recovery in October.Flash data from SRX and 99.co released on Tuesday (Dec 26) showed that overall resale prices rose 0.4 percent from the month before, and were 7.4 percent higher year on year.Resale volumes, meanwhile, were muted, with 848 units changing hands in November, compared with 847 units resold in October. Year on year, volumes were 6.3 percent higher, but 4.1 percent lower than the five-year volumes for the month of November.A majority of resale condo transactions (47.2 percent) took place in the Outside Central Region (OCR), followed by 33.9 percent from the Rest of Central Region (RCR) and 18.9 percent from the Core Central Region (CCR).In terms of resale prices, however, only the CCR and OCR registered increases at 3.1 percent and 0.9 percent, respectively. Resale prices in the RCR dropped 1.3 percent month on month.Year on year, all regions recorded price increases. The OCR led gains at 10.7 percent, followed by the RCR at 6.3 percent and CCR at 4.5 percent.The percentage of sub-sale transactions to secondary sale transactions stood at 10.6 percent, down 1.9 percent from the prior month.Sub-sale transactions refer to secondary sale transactions prior to a project’s completion, while secondary sale transactions comprise both resale and sub-sale transactions.The highest transacted price for a resale unit in November was S$15.2 million for a unit at Nassim Jade. In the RCR, the most expensive resale unit was S$6.5 million for a unit at The Sovereign, and S$4.78 million for a unit at Clementi Park in the OCR.The overall median capital gain for resale condos fell to S$330,000 in November, down S$10,000 from the month before.District 26 (Mandai, Upper Thomson) posted the highest median capital gain at S$660,000, while District 1 (Boat Quay, Raffles Place, Marina) recorded the lowest median capital gain at minus S$120,000.District 23 (Bukit Batok, Bukit Panjang, Choa Chu Kang) recorded the highest median unlevered return at 54.4 percent, while District 1 posted the lowest median unlevered return at minus 7.8 percent.Capital gains and returns of a condo resale unit are calculated by comparing the current transacted price with the previous transacted price of the same unit. Districts with fewer than 10 matching transactions are excluded from the ranking.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134843732"}