{"id":79480,"date":"2024-10-24T10:54:11","date_gmt":"2024-10-24T02:54:11","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=79480"},"modified":"2025-03-28T11:06:26","modified_gmt":"2025-03-28T03:06:26","slug":"condo-resale-market-september-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/condo-resale-market-september-2024\/","title":{"rendered":"Condo resale market in September 2024: Prices edge up as buyers return, volumes dip amid competition from new launches"},"content":{"rendered":"
<\/div>\n

Condo resale market saw a slight price increase in September 2024, a trend possibly driven by the return of buyers waiting for more favourable interest rates. With signs that a rate cut may be on the horizon, potential buyers can now qualify for larger loans and enjoy more manageable monthly payments, thus enhancing affordability in the condo market.<\/p>\n\n\n\n

However, the market faces stiff competition from several new launches and alternative housing options. Notably, the recent launch of Norwood Grand<\/a>, which sold 84% of its units over just two weekends, likely drew some demand away from the resale market. <\/p>\n\n\n\n

Additionally, public housing options continue to attract attention, with the ongoing October BTO<\/a> (Build-To-Order) exercise featuring highly desirable flats in prime locations<\/a>, appealing particularly to first-time buyers who meet the eligibility criteria. This combination of factors may have contributed to the observed decline in condo resale volumes during September.<\/p>\n\n\n\n

Table of contents<\/h3>