Q1 2025 condo presales hit a 30-year low at 536 units, down from 1,394 last year, with only 2 new projects launched. Asking prices dropped to $1,339 PSF, while sold units averaged $1,151 PSF, offering strong negotiation opportunities. Resale sales outperformed presales but also declined. Inventory rose to nearly 24,000 units. Developers are shifting to rentals, reducing future condo supply, signaling a potential rise in housing values soon.
Continue to full article
Leave a Reply