{"id":70355,"date":"2023-10-26T18:57:44","date_gmt":"2023-10-26T10:57:44","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=70355"},"modified":"2023-10-26T18:58:53","modified_gmt":"2023-10-26T10:58:53","slug":"condo-resale-price-september-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/","title":{"rendered":"Despite a lower volume, condo resale prices only slightly increased"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p>The condo resale market has always been a dynamic one, reflecting the pulse of the real estate sector. This September, we observed a peculiar trend: a slight increase in condo resale prices despite a significant drop in the resale volume.<\/p>\r\n\r\n\r\n\r\n<p><em>Numbers and data collected from the flash report made by 99.co&#8217;s Mr. Luqman Hakim, Chief Data &amp; Analytics Officer.<\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-factors-influencing-the-condo-resale-volume-drop-in-september-2023\" class=\"wp-block-heading\">Factors influencing the condo resale volume drop in September 2023<\/h2>\r\n\r\n\r\n\r\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\r\n<p>A flurry of events and activities probably prompted the drop in September\u2019s resale volume, the lowest volume in the past 8 months,&#8221; said Mr. Luqman Hakim<\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n<p>Several events and activities in September might have contributed to the dip in resale volume, marking it the lowest in the past eight months.<\/p>\r\n\r\n\r\n\r\n<p>The launch of new BTO Flats, the Hungry Ghost Festival, the PSLE examination period, and the September school holidays all played a role in this decline.<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<p><em><strong>Read more: <\/strong><a class=\"LinkSuggestion__Link-sc-1gewdgc-4 cLBplk\" href=\"https:\/\/www.99.co\/singapore\/insider\/condo-and-hdb-rental-markets\/\" target=\"_blank\" rel=\"noopener\">Condo and HDB rental markets dip in volumes in August 2023<\/a><\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-price-trends-and-analysis\" class=\"wp-block-heading\">Price trends and analysis<\/h2>\r\n\r\n\r\n\r\n<p>Despite the drop in volume, condo resale prices saw an increase of 0.8% in September. When we break it down by region, RCR led the way with a growth of 1.2%, followed by CCR at 0.5%.<\/p>\r\n\r\n\r\n\r\n<p>However, OCR witnessed a decrease of 0.4%. According to the <a href=\"https:\/\/www.srx.com.sg\/price-index\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SRX Price Index for Condo Resale<\/a>, there was a month-on-month increase of 0.8% over August 2023 and a year-on-year increase of 7.6% over September 2022. All regions experienced a year-on-year price increase, with RCR leading at 8.1%.<\/p>\r\n\r\n\r\n<p>[xyz-ihs snippet=&#8221;Property-Value-Widget-Code&#8221;]<\/p>\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-resale-volume-insights\" class=\"wp-block-heading\">Resale volume insights<\/h2>\r\n\r\n\r\n\r\n<p>In September 2023, an estimated 738 units were resold, marking an 18.4% decrease from the 905 units in August 2023. This volume is 35.9% lower than September 2022 and 22.0% lower than the 5-year average for September.<\/p>\r\n\r\n\r\n\r\n<p>A regional breakdown shows that 53.1% of the volume came from OCR, 31.4% from RCR, and 15.5% from CCR. Interestingly, the percentage of sub-sale transactions to total secondary sale transactions was 10.8%, a 1.2% decrease from August 2023.<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-top-transacted-prices\" class=\"wp-block-heading\">Top transacted prices<\/h2>\r\n\r\n\r\n\r\n<ul>\r\n<li>The highest transacted price for a resale unit in September was a whopping $32,000,000 at <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/goodwood-residence#page_source\" target=\"_blank\" rel=\"noreferrer noopener\">GOODWOOD RESIDENCE<\/a> (<a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/bukit-timah\" target=\"_blank\" rel=\"noreferrer noopener\">Bukit Timah<\/a>).\r\n\r\n<\/li>\r\n<li>In RCR, a unit at <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/the-cascadia#page_source\" target=\"_blank\" rel=\"noreferrer noopener\">The Cascadia<\/a> was resold for S$7,260,000; in OCR, a unit at <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/seaside-residences#page_source\" target=\"_blank\" rel=\"noreferrer noopener\">Seaside Residences<\/a> went for S$4,060,000.<\/li>\r\n<\/ul>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<p><em><strong>Read more: <\/strong><a class=\"LinkSuggestion__Link-sc-1gewdgc-4 cLBplk\" href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-rental-prices-singapore\/\" target=\"_blank\" rel=\"noopener\">HDB rental prices and latest rental transactions in 2023<\/a><\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-capital-gains-and-returns-analysis\" class=\"wp-block-heading\">Capital gains and returns analysis<\/h2>\r\n\r\n\r\n\r\n<p>The median capital gain for resale condos in September 2023 was S$350,000, a rise of S$32,000 from August 2023. District 21 (Clementi Park \/ Upper Bukit Timah) boasted the highest median capital gain at S$894,000, while District 1 (Boat Quay \/ Raffles Place \/ Marina) had the lowest at S$14,000.<\/p>\r\n\r\n\r\n\r\n<p>The overall median unleveraged return for resale condos stood at 29.2% in September 2023. Again, District 21 led with a return of 70.8%, while District 1 lagged at 1.1%.<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h3 id=\"h-conclusion\" class=\"wp-block-heading\">Conclusion<\/h3>\r\n\r\n\r\n\r\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\r\n<p>While some home sellers are taking advantage of the current climate to realise those potential gains, they will have to tread carefully so as not to find themselves paying higher for their next property,&#8221; Mr. Luqman Hakim said.<\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n<p>The condo resale market in September 2023 presented a mix of trends, with prices increasing despite declining volume. As the market continues to evolve, sellers looking to capitalise on the current climate should move cautiously, while buyers should stay informed to make the best decisions.<\/p>\r\n\r\n\r\n\r\n<p>The coming months will reveal if these trends persist or if new patterns emerge.<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n    <section id=\"portal-widget-tab-panel-6acc3bf97ae52\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6acc3bf97ae52\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Condos for you<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;isFilterUnapplied=false&amp;main_category=condo&amp;map_bounds=1.5827095153768858%2C103.49449749970108%2C1.1090706240313446%2C104.12483807587296&amp;page_num=1&amp;page_size=35&amp;path=%2Fsingapore%2Fsale&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.3039947%2C103.8298507&amp;query_limit=radius&amp;query_type=city&amp;rooms=1%2C2%2C3&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;tenure=any&amp;zoom=11&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/kGznzcL3hArWGFfmE6xxRC?text=Rayne+Chua&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9c82340e78c1874340e595f51ece27cfc70f40d3\" alt=\"The Arte Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Arte<\/div>\n                            <div class=\"card-text card-subtitle\">21 Jln Raja Udang \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,399 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,100,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/the-arte-condo-5dRM2baLWgLTNV9byPpF2H?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/F9bgXDVHuMudx7Xvnhr2Ue?text=Property+Agent+Anthony+Lee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=d8cb9e0519adb1907dfc3e1f1499f9198981f428\" alt=\"Lakeville Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Lakeville<\/div>\n                            <div class=\"card-text card-subtitle\">3 Jurong Lake Link \u00b7 D22<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,141 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,400,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/lakeville-condo-NQYeUypbuHm2SyecnFjVhE?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/TQhfGgAu8tkdf3FEbFeLGf?text=Vernon+Low&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1469baf1ff64f1b940c56967ab9aebc74658a513\" alt=\"The Amore Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Amore<\/div>\n                            <div class=\"card-text card-subtitle\">57A Edgedale Plains \u00b7 D19<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>980 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,475,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/the-amore-condo-5oT956oGJaA4KZL6HVXAQb?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/Zbj7WCPFUFghwsqCR2K5g5?text=Leng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=5392620ba40c61fc24d8625096a74758d7beca5a\" alt=\"Treasure at Tampines Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Treasure at Tampines<\/div>\n                            <div class=\"card-text card-subtitle\">1 Tampines Lane \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>678 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,188,888<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/treasure-at-tampines-condo-EL7zSFz9oPQdAaJ8G3oVgM?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/d7yAVvSMzNARtYyvt8uFME?text=Fione+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=7c448d936f5c521a437f3863cb033282df887846\" alt=\"Seletar Park Residence Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Seletar Park Residence<\/div>\n                            <div class=\"card-text card-subtitle\">17 Seletar Rd \u00b7 D28<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>592 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 820,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/seletar-park-residence-condo-ntS9DmTMP8MVnnjzjabckD?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/KtThZARJR9oqGNhyGryxcQ?text=Goh+Sing+Yee+%28Goh+Sing+Yee%29&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a4efe2c96d83198fed7f221eeaf6817611242b95\" alt=\"Penrose Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Penrose<\/div>\n                            <div class=\"card-text card-subtitle\">22 Sims Dr \u00b7 D14<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>700 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,680,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/penrose-condo-CQMc5mhWBToV67HjdcMxB8?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/gG8WrUCcwQxFfcamTuH26M?text=Jaime+Leong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1ffa383bf45fba4d29e58e6f58ae8a9994fd86be\" alt=\"Marina Collection Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Marina Collection<\/div>\n                            <div class=\"card-text card-subtitle\">17 Cove Dr \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,873 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,500,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/marina-collection-condo-mBNPPSqpsyGrBQnfYuYveB?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/zjuRFnmoHXTyas6wBem6Ca?text=Evan+Chung&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=d5613aa089fb922532358b1cfefa9c6a63514350\" alt=\"One Shenton Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">One Shenton<\/div>\n                            <div class=\"card-text card-subtitle\">1 Shenton Way \u00b7 D1<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,109 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,900,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/one-shenton-condo-bGyoxLbgTNGEDUo6GwYTjZ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/EUJeGNnmxUwkr8fnFVNHdn?text=Jeslyn+Tay&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a173b76e21dea81194e2c8598ce29094385897cd\" alt=\"The Landmark Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Landmark<\/div>\n                            <div class=\"card-text card-subtitle\">173 Chin Swee Rd \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>678 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,680,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/the-landmark-condo-8K3rTNKyxgd3dveierk9mj?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/iUxT5XpCiqMJmfHibRevKF?text=Evan+Chung&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=17a5f7ef861f7d3c942ff0f89a634be7afe587ac\" alt=\"River Place Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">River Place<\/div>\n                            <div class=\"card-text card-subtitle\">60 Havelock Rd \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>797 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,300,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/river-place-condo-NV8PkfW6HBT9T2QqWE9UpP?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>The condo resale market has always been a dynamic one, reflecting the pulse of the real estate sector. This September, we observed a peculiar trend: a slight increase in condo resale prices despite a significant drop in the resale volume. Numbers and data collected from the flash report made by 99.co&#8217;s Mr. Luqman Hakim, Chief&hellip;<\/p>\n","protected":false},"author":143,"featured_media":54610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"59689,36790,68244,49898,62690,41435","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53593,53631,53642,53643,57131],"tags":[53953,58020,58018,58021,58019],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","22":"entry","23":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Despite a lower volume, condo resale prices only slightly increased - 99.co<\/title>\n<meta name=\"description\" content=\"Review the data collected on the condo resale prices that happened throughout September 2023 and what factors contributed to them here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite a lower volume, condo resale prices only slightly increased\" \/>\n<meta property=\"og:description\" content=\"Review the data collected on the condo resale prices that happened throughout September 2023 and what factors contributed to them here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T10:57:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-26T10:58:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/Seaside-Residence-Condominium-at-East-Coast-Beach.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Azhann Rosmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azhann Rosmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/\"},\"author\":{\"name\":\"Azhann Rosmin\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/08b57e4fbcc900d9c45783b32b5fe4ca\"},\"headline\":\"Despite a lower volume, condo resale prices only slightly increased\",\"datePublished\":\"2023-10-26T10:57:44+00:00\",\"dateModified\":\"2023-10-26T10:58:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/\"},\"wordCount\":662,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/condo-resale-price-september-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/Seaside-Residence-Condominium-at-East-Coast-Beach.jpg\",\"keywords\":[\"BTO flats\",\"condo price 2023\",\"condo resale\",\"condo resale price september 2023\",\"condo resale prices\"],\"articleSection\":[\"Condo\",\"Financial News\",\"HDB\",\"HDB BTO in Singapore - BTO 2024, 2025, 2026 News &amp; 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