New condo sales down 45% to 643 units in May

Due to a dearth of new launches.

Developers sold a total of 643 new residential units in May, down 45% from April's record-breaking sales figure of 1,167 units.

The decline was due to a dearth of new launches last month. Only one new residential project--the Westwood Residences EC--was launched for sale in May.

This project was also the month’s best-selling project, selling a total of 118 units at a median price of $803 psf.

April’s best-selling projects, Botanique at Bartley and North Park Residences, each sold 94 and 59 units in the month.

Developers also sold 207 units in May, bringing the total sales figure to 845. 

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