The Interlace - by CapitaLand Singapore-crop

Many of the resale transactions came from recently completed projects, such as The Interlace. (Photo: CapitaLand)

Despite slower developer sales, resale transactions rose 30 percent year-on-year in August, its best showing since 2013, reported Singapore Business Review, citing a DBS Research report.

Of the 1,621 property transactions registered in recent months, 787 were resale deals.

“This mainly came from selected major re-launches in the Central region – namely The Interlace(34 units), d’Leedon (41 units) and OUE Twin Peaks (31 units),” said DBS Research.

This comes as primary sales recorded disappointing numbers, falling 17 percent year-on-year to 805 units in August.

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