Chart of the Day: Units priced less than $1.5m more popular in Q1

CCR buyers recorded the most transactions with 57%.

This chart from EDMUND TIE shows that in terms of sales of non-landed units by price range and market segments, buyers of units less than $1.5m increased quarter over quarter, with buyers in the Core Central Region (CCR) recording most of the transactions of 57% in the $1m to $1.5m price bracket. This is compared to only 25% of transactions in Q4 2019.

This mainly came from smaller bedroom configurations of less than 500 sqft and between 500 sqft to 700 sqft at the newly launched The M.

Correspondingly, the proportion of transactions in the other price bands declined on a QoQ
basis, with new sales in the $2m to $3m price bracket decreasing to 12% in Q1 compared to 37% in Q4.

For new sales in the $1.5m to $2m price band, there was an increase in actual transaction volume 126 units in Q1 from 95 units the previous quarter despite a decline in proportion to 23% in Q1 from 25% in Q4 2019.

For new sales in the Rest of Central Region (RCR), there was a 5% increase to 15% in Q1 in proportion of transactions in the price range of $2m to $3m and a 1% increase to 3% over the same period for units greater than $3m. These transactions were mainly of sizes ranging from 1,000 to 1,500 sqft, from units sold at Jadescape and Margaret Ville.