CBRE Comments: Jan 2016 Home Sales Volume

Desmond Sim, Head, CBRE Research, Singapore and South East Asia:​

At 381 units sold, January new home sales was riding on the momentum witnessed at the end of 2016. With the dearth of launches, buyers continued to invest in the large array of existing projects. This is despite December and January being seasonal holiday periods. We expect new sales in February to be higher with the launch of The Clementi Canopy and possibly Grandeur Park Residences if it is launched soon. The market will offer more choices across a wider geographical spread over the next few months, which will support demand levels.

Still, the number of new launches will be lower compared to the past two years which will spur sales for the previously launched projects. CBRE expects demand for new homes to remain steady, hovering in the region of 7,000 units for the whole of 2017. The market is closely watching interest rate movements which might sway decision making.​​​​

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.​

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