RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Chart of the Day: High-end condo price hike dipped 1% in Q2

High-end units were priced at $2,400 psf, on average.

This chart from Savills Research shows that the Q2 hike of high-end condo units slowed down to 1% QoQ from an increase of 2.7% QoQ in Q1.

For Q2 2018, the average price of high-end units hit $2,400 psf. According to Savills, such rate is 1.2% off the previous peak of $2,429 psf that took place in Q1 2013.

The firm believes that the pattern in high-end condo units followed the trend of the island-wide residential price index of the Urban Redevelopment Authority (URA) which saw quarterly growth rate easing down slightly.

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