OLA Executive Condo
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New condo sales jumped 49.2% to 3,198 units in Q3
All regions recorded growth in new sales, with the largest surge being seen in OCR.
The volume of new condo sales surged 49.2% QoQ or 16.9 YoY to 3,198 units from the 2,736 units in Q3 2018. The figure broke the record last year, when a buying frenzy occurred the night before the implementation of the cooling measures last 6 July 2018.
All three regions recorded growth in new sales, with the largest growth being seen in Outside Central Region (OCR), due to projects being priced attractively, hence drawing buyers into the market with the large variety of options. The quarterly figure showed growth despite a decline in the number of new project launches. It was lifted by a rise in the number of units released for sale, with the launch of major projects in Q3.