That is despite a 3.7% dip in fresh sales costs.
The Ryse Residences new launch at Pasir Ris is one of the most well-connected places in Singapore. Getting anywhere is made easy with the network of MRT and bus lines linking the neighbourhood and nearby areas. This means residents can quickly move from home to work or school.
This graph from OrangeTee & Tie revealed that the amount of luxury homes offered from the Core Central Region (CCR) fell 58.1% QoQ from Q2 to 404 in the 962 units in Q1.
On a YoY basis, luxury house sales plummeted 35.2% by the 622 units sold in Q2 2019.
Additionally under the luxury section, resale costs held relatively steady in comparison with brand new sales over the last couple of quarters. In Q2, the average unit cost of non-landed resale houses in CCR held relatively stable at$2,056 psf, increasing 2.1% from the 2,014 psf at Q1.
On the other hand, prices of non-landed new sales climbed by 3.7% QoQ to $2,444 psf at Q2 from $2,539 psf at Q1.