Chart of the Day: Share of posh condos sold in the CCR halved in Q4 2019
Condos priced $1m to $1.5m grew more popular in the region.
This chart from EDMUND TIE revealed that the share of condo units sold in the core central region (CCR) priced greater than $3m nearly halved to 13% in Q4 2019, compared to 25% in the previous quarter.
Over the same period, there was an uptick in the proportion of $1m to $1.5m transactions in the region from 21% to 25%. Various transactions in this price band are mainly smaller bedroom configurations of less than 500 sqft and between 500 sqft to 700 sqft.
Overall, private condo units with a price brand of $1m to $ 1.5m were the most popular in 2019, accounting for 38-47% of sales.