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Demand for resale condos holds steady in May

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pemResale transactions to stay muted in June in view of the school holidays./em/p pResale prices of private condos continued to inch up for the fourth consecutive month in May due to sustained demand, according to property analysts.

Resale prices of private condos continued to inch up for the fourth consecutive month in May due to sustained demand, according to property analysts.

“Moreover, there is still a significant price difference between new and resale condos, which may have led buyers to choose more cost-effective options available in the resale market,” she added. For June, Yip expects buying activity to drop by 30% and settle between 600-700 units from 1,084 units last month in view of the school holidays.

 

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