Read more Time To Study The Completion Of Projects As Pandemic Rages On Closing Date

Time To Study The Completion Of Projects As Pandemic Rages On Closing Date

From those listings, 63 were for non-landed possessions, six more than in the last quarter.

District 9, that had the maximum non-landed listings because Q4 2018, continued to account for nearly all with nine non-landed listings in Q1 for a normal introductory price of $1,993 per square foot (psf). You will find 25 landed home mortgagee sales listings in Q1, up from 23 final quarter.

Industrial listings beneath mortgagee earnings came second since it soared 47.4% QoQ to 56 listings in Q1, up from 38 listings in Q4. Only two industrial components had freehold tenures this past quarter, which can be at Gemini @ Sims, together with floor areas of under 5,000 square feet (sqft).

The report added that the vast majority of the leasehold listings had 60-year tenures, and collectively accounted for an average introductory price of 332 psf.

Meanwhile, the amount of retail mortgagee sale listings stayed at 26, just like in Q4 2019. With retail sales falling for its 13th consecutive month in February 2020, roughly 81% of the listings in Q1 were below 500 sqft with opening costs under $1.35m.