Chart of the Day: HDB upgraders increasingly favoured pricier condos in Q2

Share of condo units sold at less than $1m fell to 31%.

This chart by Edmund Tie Research showed that more buyers with HDB addresses bought pricier condo units in Q2. In particular, the proportion of condos priced between $2m and $3m almost doubled to 7%.

According to the report, these mainly comprised larger units of about 1,000 to 1,500 sqft.

The buyers still generally favored low-cost condos, with 42.4% of condo units sold to them were priced between $1m and $1.5m, edging up from 41.3% in Q1. However, the proportion of condo units sold at less than $1m fell to 31% from 37% over the same period.

The share of condo units sold to those with HDB addresses, which included HDB upgraders and investors who are living in HDB flats, fell to 29.5% in Q2 from 37.8% in the previous quarter.