Resale units sold last month was down to 200.
Resale transactions dipped in 4Q12, likely a seasonal effect, said CIMB. The bulk of the drop, it said stemmed from mass market units priced under S$1,000 psf.
Resale prices inched up by 6% from 3Q12.
Overall, CIMB notes that the resale market appears to be picking up and it expects more policy headwinds if no further correction is seen in the next few quarters.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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