{"id":111022,"date":"2019-09-24T10:53:26","date_gmt":"2019-09-24T03:53:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-prices-in-ccr-rose-10-5-in-q2\/"},"modified":"2019-09-24T11:03:00","modified_gmt":"2019-09-24T04:03:00","slug":"new-condo-prices-in-ccr-rose-10-5-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-prices-in-ccr-rose-10-5-in-q2\/","title":{"rendered":"New condo prices in CCR rose 10.5% in Q2"},"content":{"rendered":"


\nThis significant price hike of new home sales could be due to the increased demand for luxury homes during the period under review. Image source: OrangeTee
\nThe average price of new condominiums in the Core Central Region (CCR) rose 10.5 percent to $3,014 per square foot (psf) in the second quarter from $2,728 psf in the first quarter, reported Singapore Business Review citing OrangeTee & Tie.
\nThis significant price hike of new home sales could be due to the increased demand for luxury homes during the period under review. In Q2 2019, 37 units at Boulevard 88 changed hands at an average price of $3,736 psf, while 3 Cuscaden moved 27 units at $3,584 psf.
\nOrangeTee & Tie noted that resale condo prices also increased at a slower pace at 1.3 percent during the same period.
\nWith demand for luxury homes rising substantially in recent months, overall sales volume in the CCR grew for a second consecutive quarter, from Q1\u2019s 563 units to 615 units in Q2 2019, added the real estate agency.
\nNeed tips to help with your home buying\/selling\/renting process? Our\u00a0handy guides\u00a0will help.\u00a0Or find your dream home\u00a0in our listings.\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New condo prices in CCR rose 10.5% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This significant price hike of new home sales could be due to the increased demand...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111022","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sSG","jetpack-related-posts":[{"id":116043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-luxury-condo-rose-72-in-q1-despite-market-uncertainties\/","url_meta":{"origin":111022,"position":0},"title":"Sales of luxury condo rose 72% in Q1 despite market uncertainties","date":"May 4, 2020","format":false,"excerpt":"\r OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020. 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