Condo buyers go for pricier, larger units in Q2

Singapore

BIG ticket private homes seemed to be gaining popularity, with the proportion of both new and resale units priced above S$3 million seeing increases, according to a report released on Monday by real estate consultants Edmund Tie.

For the second quarter, new sales were up 30.6 per cent at 2,246 units, from 1,720 units a year ago. The proportion of new units priced above S$3 million rose to 5 per cent with 112 units sold, up from 3 per cent in the first quarter with 52 units sold.