News

Residential Property

Staff Reporter

, Singapore

Published:

2 years ago

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Photo by SCREEN POST on Unsplash

Private home sales in mid-tier market jumps 44.4% QoQ in Q2

Both new sales and resale volume increased during the quarter.

Private home sales in the Rest of the Central Region (RCR) or the mid-tier market jumped 44,4% QoQ to 2,538 units in Q2 2022.

The figure excludes executive condominiums sold during the quarter.

According to OrangeTee, the sales growth was on the back of increases in both new sales (+58.2% QoQ to 1,310 units) and resales (+31.8% QoQ to 1,157 units) volume.

Average prices of new and resale non-landed homes likewise rose in Q2, increasing by 8.5% QoQ to $2,305 psf and by 2.4% QoQ to $1,583 psf, respectively.

The best-selling projects in the market last quarter were the two new launches: Piccadilly Grand and Liv @ MB.

The two projects sold 325 units and 231 units, respectively.

Follow the link for more news on

OrangeTee

Private new home sales

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