Chart of the Day: New condo sales volume could jump 33% in Q2

It was led by new sales in the Rest of Central Region (RCR) area.

This chart from Edmund Tie & Co. shows that new condo sales volume may climb 33% YoY to 2,300 units in Q2, as compared to 1,739 units in Q1.

It was led by new sales in the Rest of Central Region (RCR) area, rocketing 80% to more than 1,100 units. The report said that this was in line with the launch of five new projects in the region which accounted for more than 60% of the total new unit launches in Q2.

Last quarter, new condo sales volume edged up 2.3% as Core Central Region (CCR) recorded an 82% increase in volume. This is followed by the Outside Central Region (OCR) at 52.4% QoQ, whilst new sales volume in the Rest of Central Region (RCR) crashed 37.3% QoQ.