the 2020 residential real estate outlook
Updated: January 15, 2021
The number of new apartment transactions is 31% lower than the same period in 2019, while the number of transactions registered on old flats has decreased by 19% and accounts for 1,161 units.
The number of transactions of both new and old apartments has decreased by 29%.
2020 vs. 2019
Updated: January 15, 2021
The number of transactions recorded on economy, medium and premium new apartments is 21%, 56% and 23% less than the same period in 2019.
2020 vs. 2019
Updated: January 15, 2021
In 2020, the market size of new flats is 35% less than the previous year and accounts for USD 279 million, while the figure for old flats is 16% lower and amounts to USD 51 million.
2020 vs. 2019
Updated: January 15, 2021
The weighted average selling price of new flats in 2020 is USD 776 per sq m, reflecting a 6% decrease, when compared to 2019. As for the old flats, the WAP accounts for USD 662 per sq m, depicting a 2% increase.
2020 vs. 2019