Condo Resale Prices Down in March Whilst Volumes Log Double-digit Growth
Condo Resale Prices Down in March Whilst Volumes Log Double-digit Growth
Compared to February, prices in the Core Central Region (CCR), were 1.9% lower whilst those in the Rest of Central Region (RCR) and Outside Central Region (OCR) rose by 0.2% and 0.3%, respectively.Overall prices fell compared to March but is 5.1% higher than a year earlier.
整体价格与2023年3月相比有所下降，但比一年前高出5.1%。
Condo resale prices continued to decline on a monthly basis in March 2025 whilst the number of resale deals rose, according to the 99-SRX Media Flash Report.
根据99-SRX媒体快报，2025年3月，公寓转售价格继续月度下降，而转售交易数量则上升。
Overall prices fell by 0.5% month-on-month (MoM) during the month, although they were 5.1% year-on-year (YoY) lower compared to March 2024.
整体价格在本月环比下降了0.5%，尽管与2024年3月相比，同比下降了5.1%。
Compared to February, prices in the Core Central Region (CCR), were 1.9% lower whilst those in the Rest of Central Region (RCR) and Outside Central Region (OCR) rose by 0.2% and 0.3%, respectively.
与2月相比，核心中央地区（CCR）的价格下降了1.9%，而中央地区其他（RCR）和中央地区外（OCR）的价格分别上涨了0.2%和0.3%。
Compared to March 2024, resale prices in the CCR, RCR, and OCR were 4.6%, 5.2%, and 4.3% higher, respectively.
与2024年3月相比，CCR、RCR和OCR的转售价格分别上涨了4.6%、5.2%和4.3%。
A total of 1,189 units were resold in March, a 19.7% MoM increase from the 993 units resolved in February.
3月份共转售了1,189个单位，比2月份转售的993个单位环比增加了19.7%。
Resale volumes were also 26% YoY higher, and 12.2% higher than the 5-year average for March.
转售成交量同比也上涨了26%，比3月份的5年平均水平高出12.2%。
This increase in volume may be driven by buyers responding to the dip in SORA rates, which has made financing more affordable, said Luqman Hakim, chief data & analytics officer at 99.co
99.co的首席数据与分析官Luqman Hakim表示，这一成交量的增长可能是由于买家对SORA利率下降的反应，这使得融资变得更加可负担。
"At the same time, some may find new launch prices remain out of reach, making resale condos a more attractive option. As such, resale units could become the go-to choice for those looking to balance space, location, and affordability," Hakin said.
哈金表示：“与此同时，一些人可能会发现新推出的价格仍然无法负担，这使得二手公寓成为更具吸引力的选择。因此，二手单位可能成为那些希望平衡空间、位置和可负担性买家的首选。”
About 48.3% of the volumes were from the OCR, 31.7% from RCR, and 20% from CCR.
约48.3%的量来自OCR，31.7%来自RCR，20%来自CCR。
The most expensive unit resold was a $16.03m condo at St Thomas Suite.
转售的最昂贵单位是位于圣托马斯套房的1603万新币公寓。
In the RCR, a resale unit at Reflections at Keppel Bay was resold for $5.22m.
在RCR，位于凯璞湾的Reflections的一个二手单位以522万新币的价格转售。
In the OCR, a unit at Sing Lian Building changed hands for $4.3m.
在OCR，位于兴连大厦的一个单位以430万新币的价格易手。
Hakim said that borrowing costs remained elevated compared to pre-pandemic levels, leading to buyers being cautious and price-sensitive. Many are unwilling to pay above the market value.
哈金表示，与疫情前的水平相比，借贷成本仍然较高，导致买家变得更加谨慎和对价格敏感。许多人不愿意支付超过市场价值的价格。
"On top of that, broader economic uncertainty – such as ongoing talks of new tariffs and potential global trade tension – has added to the cautious mood. Some are still adopting a wait-and-see approach, holding out in hopes of further price adjustments or clearer economic signals before committing," Hakim said.
哈金表示：“更重要的是，广泛的经济不确定性——如新关税的持续谈判和潜在的全球交易紧张局势——增加了谨慎的氛围。有人仍在采取观望态度，希望在决定之前能看到进一步的价格调整或更明确的经济信号。”
In response to the cautious sentiment, sellers have reportedly begun adjusting their expectations.
针对这种谨慎情绪，卖家据报道已经开始调整他们的期望。
"As a result, closing prices may come in below asking, contributing to the slight downward trend," Hakim said.
“因此，收盘价可能低于报价，导致轻微的下行趋势，”哈基姆说。
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