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  • CBRE Comments: URA Dec 2017 Sales Volume

CBRE Comments: URA Dec 2017 Sales Volume

Singapore | January 15, 2018
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Desmond Sim, Head, CBRE Research, Singapore and South East Asia:

“Without major new launches, new developer sales for December 2017 recorded 431 units, bringing the total tally for 2017 to 10,676. This is the highest level post-TDSR. The upshot of this is that demand seems to have continued to absorb previously-launched units. For the past 12 months, monthly take-up has surpassed what has been launched, with the exception of March 2017. This will help reduce the unsold inventory further – it is now at the lowest point since 2008. We expect similar a volume for 2018 with quantum driving the market.”    

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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: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.

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Geraldine Cheong
Geraldine Cheong
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