Sim, Head, CBRE Research, Singapore and South East Asia:
“Momentum has been the key driver for sales
transactions so far - momentum in terms of the number of launches since the
first major launch in February, and momentum in sales, which has favoured new
launches with some spillover effect on previously launched developments in the
sales from ongoing projects made up 60-65% of the new homes sold. While
prices remained generally stable, the unsold inventory has shrunk further and
may encourage developers to re-look selling prices.
while demand seems to be still healthy, the sales volume may be affected by the
tapering of new launches in the 2nd half of 2017.”
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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