Sim, Head, CBRE Research, Singapore and South East Asia:
figures for July 2016 indicate continued traction for the stock of unsold units
from ongoing projects. In fact, the number of unsold units is at an all-time
low at 21,489 units as at end June. At this level, with the current underlying
demand of around 7,000 units, the market should have sufficient stock for
the next three years. The cut-back in fresh supply has certainly helped to
clear the inventory as buyers continue to commit to the purchase of a home.
Should this current momentum continue, CBRE Research will not be surprised to
see some reserve sites being triggered before the end of the year.”
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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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.