Transaction volumes similarly improved in May with 1,235 non-landed private homes sold – up 17.4% m-o-m over April 2017 and a 57.7% y-o-y over May 2016.
SINGAPORE (June 14): OCBC Investment Research is maintaining its “overweight” rating on the Singapore property sector, thanks to a rebound of resale prices in the high-end and mid-tier segments, which could further be driven up by a revitalised collective sales market.
According to published flash estimates, resale prices of non-landed private homes rose 0.4% m-o-m in May. The rebound was strongest in the high-end and mid-tier segments, as resale prices in the core central region (CCR) and rest of central region (RCR) rose 1.1% m-o-m, while mass market resale prices (outside central region or OCR) dipped 0.4% m-o-m.
