Chart of the Day: Share of resold low-cost condos edged up to 24.9% in Q3

Proportions of units by price range remained unchanged.

This chart by Edmund Tie Research revealed that the proportion of condo resale units lower than $1m edged up from 23.8% in Q2 to 24.9% in Q3, whilst the proportions for the rest of price ranges remained relatively unchanged.

Still, units priced between $1m and $1.5m dominated resales in the quarter, making up almost a third or 32.8% of all resold units. In this range, there was a rise in the proportion of units in the outside central region (OCR).

There was also a growth in the proportion of units in the core central region (CCR) that were priced above $2m. Most of it came from newer developments that have obtained the Certificate of Statutory Completion.

Overall, condo resale volumes slipped 8.5% QoQ to 1,855 units, reversing the 22% QoQ expansion from the previous quarter.