Log out

You’re logging out from your Ohmyhome account. Continue?

Chat With Us

17% Increase in Resale Private Non-Landed Homes


From February to March this year, resale transactions of private non-landed homes increased, with 700 units resold in March compared with 606 units in February. However, home prices barely moved during this period.

Unprecedented Triple Whammy in Real Estate Industry

Resale prices and sales of non-landed private homes in February this year were hit by a rare “triple whammy” – the COVID-19 pandemic, the Chinese New Year seasonal slowdown, and the supply of new units from recent launches.

Prices of resale homes slipped by 8% while the sales volume fell by 13.1% in February compared with January this year.

Prices dipped across all three market segments:

  • Properties Outside Central Region (OCR) had the biggest decline of 1.3%.
  • Prices dipped just 0.1% for apartments in the prime districts or Core Central Region (CCR)
  • Prices decreased by 0.8% for those in the city fringes or Rest of Central Region (RCR)

Year-on-Year Increase in Private Resale Prices

Year-on-year (YOY), the private resale prices were up by 0.8% over February 2019. All regions saw YOY price increases in February 2020:

  • CCR by 0.8%
  • RCR by 1.6%
  • OCR by 0.2%

Keep your family safe during this the COVID-19 pandemic by boosting your body’s natural defences. If you’re working from home, here are some handy tips to maintain productivity or remain focused even with kids around.

Source: The Straits Times, The Straits Times

Subscribe to the property newsletter read by 350,000 homies

Get our finest insights sent straight to your inbox. Enter your best email.
Unsubscribe anytime.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

Our finest insights you'll be looking forward to receive.

Read by 200,000 Homies. Enter your best email below to join in.

Unsubscribe anytime.


Featured Blogs

Highlighting unique property views for every Singaporean