Chart of the Day: Private home sales in RCR dropped 48.8% in Q2

This also marks the third consecutive quarter of decline.

This chart from OrangeTee & Tie showed that private home sales in the Rest of Central Region (RCR) crashed 48.8% YoY from 1,661 units in Q2 2019 to 850 units in Q2, no thanks to a dearth of new launches and the impact of the pandemic.

This also marks the third consecutive quarter of decline.

The average price of new non-landed homes held relatively stable last quarter at $1,828 psf in Q2, slipping marginally by 0.3% QoQ from $1,833 psf in Q1. Prices of resale non-landed homes, on the other hand, dipped 2% from $1,374 psf to $1,346 psf over the same period.

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