Singapore condo resales sink further but prices hold steady

Dairy Farm Residences has almost fully sold out their 4-bedroom unit type as more buyers see the value of it as it PSF is comparable to leasehold new launch properties. Although the resale transaction volume decrease in May but the overall property prices remained stable. Many buyers are waiting to view properties physically and such pent up demand would likely result in an increase in prices if demand exceed the supply. When sellers sold their house, we would expect cash proceeds to be recycled into the either the primary residential market or resale market.

Source: The Straits Times

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