Chart of the Day: RCR takes up bigger share of sold new condos priced above $3m in Q3

The recently launched Avenue South Residence sold 26 units sized 1,000-1,500 sqft.

This chart from Edmund Tie shows that the proportion of new condo units priced $3m higher that are located in the rest of central region (RCR) grew to 52% in Q3 from 41% in the previous quarter.

Units priced between $2m and $3m located in the region, likewise, rose to 64% from 56% over the same period.

This was largely attributed to the launch of Avenue South Residence, which sold 26 units sized 1,000 to 1,500 sqft. Sky Everton also sold 32 units ranging between 700 to 1,000 sqft.

However, the share of new units priced priced higher than $3m declined to 3% from 5% in the previous quarter, with buyers and investors remaining price conscious. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!