More mid-end units sold in April

According to April's price range of residential units sold from URA, there's an uptrend in the sale of condos in the mid-end price range ($1,000 to $2,000 psf). April has seen a total of 1,211 units sold in this price range, that's a 53% increase compared to March (791). High-end units on the other hand, didn't fare so well, seeing a 40% drop in sales.

Has the high-end segment lost steam? Or perhaps taking a breather? Or could the turmoil in far-away Europe be a contributing factor? It's hard to say.

It's interesting to note that sales in the mass market and mid-end market have contributed greatly to the big hike in April sale numbers.

Developers have of late been concentrating on the mass-market (Tree House) and mid-end (Waterbank at Dakota) developments, rightly so as these segments have been neglected since the start of the year.

For more fancy graphics, head to Tools > Private Residential units launched and sold (by Month).

As posted in by John


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