Condo sellers face longer waits, more selective buyers amid flurry of new launches

Government

While demand remains steady, property agents say some condo units are now taking months rather than weeks to sell. SINGAPORE: A wave of new condominium launches in October drew buyers away from the resale market, pushing transaction volumes to their lowest level in 16 months, based on data provided to CNA. Data from ERA Research and Market Intelligence and the Urban Redevelopment Authority (URA) showed 753 condo units were resold in October, a 35.3 per cent drop from September's 1,163 units.

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