Chart of the Day: Here's a geographical distribution of home transactions in 1Q
62.6% of developer sales came from OCR.
According to Colliers International, positive buying sentiments filtered through to the Rest of Central Region (RCR), where 1,339 homes out of the 1,470 units released by developers were snapped up. Consequently, the RCR accounted for 26.4% of new homes launched and 24.9% of new homes transacted in the quarter.
Colliers also noted that more affordable mass-market homes in the Outer Central Region (OCR) contributed to the lion’s share of developer sales, or 62.6%.