Condominium resale prices have risen for the fourteenth straight month, up 1.0 percent in September 2021.
According to our Flash report on the condominium resale market in September 2021, unit prices rose 1.1 percent in the CCR, 1.7 percent in the RCR and 0.6 percent in the OCR.
Year-on-year, prices are up 8.9 percent, up 9.1 percent in the CCR, 8.6 percent in the RCR and 9.0 percent in the OCR.
On the other hand, there is a 3.8 percent drop in resale volume. Approximately 1,736 units were resold in September, fewer than 1,805 units in the previous month.
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The month’s largest condominium resale transaction was for a unit in Le Nouvel Ardmore for $ 26.3 million. According to our data from Researcher, the unit spans 5,361 square feet, which is $ 4,905.8 psf.
In general, the average total capital gain for the month was $ 233,500, an increase of $ 40,500 from August.
Districts with the highest average capital gains were District 10, District 11, and District 9. Districts with the lowest average capital gains were District 4, District 17, and District 13.
This article was first published in 99.co
