Resale Condo market stays weak as prices volume drops

Non landed private residential resale market continued to weaken as loan curbs and cooling measures weighed in on sentiments. Transaction volume remained low. Prices dipped 0.7 percent last month from March. A total of 440 non landed private residential units were resold last month -  a 2.7 percent drop from the 452 units in March, SRX data showed. The largest drop was registered to come from OCR region (Outside Central Region) with a 1.5 percent price drop. This could be due to the greater supply of units compared to other regions. Prices in the Core Central Region dipped 0.1 percent and remained stable whereas city fringe (RCR) registered 0.4 percent dip.