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
