Private home sales in mid-tier market jumps 44.4% QoQ in Q2

Both new sales and resale volume increased during the quarter.

Private home sales in the Rest of the Central Region (RCR) or the mid-tier market jumped 44,4% QoQ to 2,538 units in Q2 2022.

​​​​​The figure excludes executive condominiums sold during the quarter.

According to OrangeTee, the sales growth was on the back of increases in both new sales (+58.2% QoQ to 1,310 units) and resales (+31.8% QoQ to 1,157 units) volume.

Average prices of new and resale non-landed homes likewise rose in Q2, increasing by 8.5% QoQ to $2,305 psf and by 2.4% QoQ to $1,583 psf, respectively.

The best-selling projects in the market last quarter were the two new launches: Piccadilly Grand and Liv @ MB. 

The two projects sold  325 units and 231 units, respectively.