For a brief moment in May and June, resale condo volumes started to fall from record highs. It was a glimmer of hope for homebuyers who are truly looking for an own stay option. That hope was dashed when the results for July were out, and prices and volumes started to climb again. How much longer can this go on? What’s happening to Singapore’s resale condo market? The transaction volumes for resale condos, along with their prices, have been on a steady incline for the past 12 months: Source: Square Foot Research Prices have risen from an average of $1,271 to $1,355 psf, since last July. Resale volumes have also stayed at record highs: with the exception of July 2020, there hasn’t been a single month with fewer than 1,160 transactions. In fact, April 2020, which saw 1,807 condos resold, is the highest we’ve seen in 10 years. This is what resale volumes have looked like, since the start of the pandemic:...