Chart of the Day: More luxury units sold in June after painful price cuts

Leedon Residences was the bestseller.

A report by Barclays noted that more luxury homes priced above $3,000 per square feet (psf) were sold in June.

This is although overall sales in the Core Central Region fell 30% month-on-month to 49 units.

Barclays noted that the highest price achieved in June was for a unit for $3,527psf at Ardmore Three, which also sold another unit at $3,281psf, which brings total sales to just five out of the total 84 units.

The Scotts Tower, which sold the highest-priced unit in May at $3,335psf, sold another two units at the highest median price of S$3,404psf in June.

The high-end Leedon Residence was the top seller in the CCR with 12 units sold at median price $1,825psf, lower than the $1,890psf for the seven units sold in May 2015 and the $2,000psf in Jan 2013.

This project has sold 170 units, or 45% of the total 381 units. Marina One Residences sold just one unit at $2,415psf compared with 12 units at a median price of $2,391psf in May 2015.