Read more Midtown Bay launched last Oct 5 by GuocoLand

Midtown Bay launched last Oct 5 by GuocoLand

Island-wide condo resale amounts in Q3 2019 fell 8.5percent quarter-on-quarter (QoQ) into 1,855 units, compared to 22 percent QoQ at Q2 2019, reported Singapore Business Review mentioning Edmund Tie.

Ong Choon Fah, Edmund Tie CEO, considers the fall may have been caused by the increase in launches offering fresh components, causing buyers to flip into the brand new sale market.

Resales for its three market segments decreased, with the remainder of Central Region (RCR) affected the largest fall of 10.7 percent. The Outdoor Central Area (OCR) and the Core Central Region (CCR) both listed 7.6percent declines.