Chart of the Day: New home sales volume up in all market segments in June

RCR recorded a rise of 127.5% to 430 units sold.

This chart from OrangeTee & Tie shows that the new home sales volume increased across all market segments with the number of new homes, excluding executive condominiums (EC), transacted in the Rest of Central Region (RCR) rose 127.5% MoM to 430 units in June.

Meanwhile, those in Outside Central Region (OCR) increased 90.3% to 489 units whilst Core Central Region (CCR) rose 92.7 per cent to 79 units (Chart 1) over the same period.

Sales picked up further after showflats were allowed to reopen after the circuit breaker period which ended last month.

OrangeTee & Tie notes that whilst new homes continued to be sold during the circuit breaker period, some buyers prefer to visit the physical showflats to have a better visualisation of the unit layouts and floor plans. Meanwhile, others would want to assess the quality of furnishings and fittings featured in the mock-up units.