Chart of the Day: Landed home sales crashed 31.9% in Q3

64 homes were sold in District 19.

This chart from Edmund Tie & Company (ETCo) shows that landed home sales dropped 31.9% YoY to 368 units in Q3 2018.

“This may be due to the larger price quantum of landed properties, in comparison to non-landed homes, resulting in homebuyers being even more cautious,” ETCo explained.

The firm also noted that the slowdown in transaction fueled the growth of price momentum, with the Urban Redevelopment Authority’s (URA) landed price index rising 2% QoQ in Q3, from a 4.1% growth in Q2.

The most number of transactions were seen in District 19 where 64 landed homes were sold. Meanwhile, Districts 15 and 16 recorded 40 and 31 homes sold in Q3, respectively.