In the month of December, resale transaction activity of condominiums slowed compared to the previous few months, consistent with the trend in past years, as most people head overseas for holidays or back to their home countries.
A total of 763 resale condominiums were transacted, lower than 864 the previous month.
Throughout the whole year, the peak periods of when transactions were completed were two periods of around Mar and Apr, and Sep.
During these 3 months, an average of 1,200 resale condominiums were transacted.
Resale prices per sqft generally dropped slightly across all regions between Nov and Dec
- CCR: S$2,173 psf, lower than S$2,266 in Nov
- RCR: S$1,928, lower than S$1,955 in Nov
- OCR: S$1,550, lower than S$1,560 in Nov
Despite the drop in resale psf prices between Nov and Dec, throughout the whole year, however, there was some slight divergence in per sqft prices across regions.
- CCR: S$2,173, lower than S$2,226 in Jan (2.4% decrease)
- RCR: S$1,928, higher than S$1,873 in Jan (2.9% increase)
- OCR: S$1,550, higher than S$1,496 in Jan (3.6% increase)
Absolute prices of units transacted rose in the OCR but fell in the CCR and RCR between Nov and Dec
- CCR: S$2.974m, lower than S$3.254m in Nov
- RCR: S$1.818m, lower than S$1.922m in Nov
- OCR: S$1.607m, higher than S$1.582m in Nov
Throughout the whole year, the absolute prices of units were largely flat in the CCR, while they dropped in the RCR and rose in the OCR.
- CCR: S$2.974m, slightly higher than S$2.913m in Jan (2.1% increase)
- RCR: S$1.818m, lower than S$1.963m in Jan (7.4% decrease)
- OCR: S$1.607m, higher than S$1.523m in Jan (5.5% increase)
Sizes of units transacted fell for the CCR and RCR but rose in the OCR between Nov and Dec
- CCR: 1,408 sqft, lower than 1,430 sqft in Nov
- RCR: 959 sqft, lower than 988 sqft in Nov
- OCR: 1,058 sqft, higher than 1,047 sqft in Nov
Throughout the year, the sizes of units was up significantly in the CCR, down significantly in the RCR, and flat in the OCR
- CCR: 1,408 sqft, higher than 1,274 sqft in Jan
- RCR: 959 sqft, lower than 1,082 sqft in Jan
- OCR: 1,058 sqft, similar to 1,408 sqft in Jan
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