The private resale market has reached a new pinnacle, underscoring its dominance in the real estate sector. Despite the prevailing high interest rates and the multiple cooling measures, demand for resale homes has seen a revival.
The Urban Redevelopment Authority’s (URA) data shows that the volume of resale home transactions has demonstrated a robust recovery, posting an 11 per cent increase from 7,980 units in the period from January to August 2023 to 8,823 over the same period in 2024.