Chart of the Day: Nearly half of Q1 transactions go to $1-1.5m non-landed units

Majority of these transactions are new sale units in districts 5, 7, 14 and 19.

This chart from EDMUND TIE shows that in terms of non-landed units transaction by price range, the bulk or 46% were in the $1m to $1.5m price band in Q1, a five percentage point (ppt) increase from Q4 2019.

Majority of transactions in this price band are new sale units in Districts 5, 7, 14 and 19. Correspondingly, there were reductions in proportions of transactions in the price bands of less than $1m, $1.5m to $2m and $2.5m to $3m—out of which, the largest drop in proportion was
transactions less than $1m, declining for the second consecutive quarter from 23% in Q4 2019 to 20% in Q1.

During the circuit breaker period, about 45% of new sale transactions were in the $1m to $1.5m price band, 21% in the $1.5m to $2m price band, whilst 6% are in the $2m and $2.5m price band. There was a six ppt increase in transactions with less than $1m price band
compared to Q1.