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  • CBRE comments on URA May 2018 sales volume

CBRE comments on URA May 2018 sales volume

Singapore | June 18, 2018
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Desmond Sim, Head, CBRE Research, Singapore and Southeast Asia:

"New private home sales (excluding ECs) for May came in at 1,121 units on the back of 1,060 units launched, supported by sales from Twin Vew which accounted for 40% of sales (454 units). This brings the tally for new private homes sold year to date to 3,434 units, compared to 5,568 units in the first five months of 2017. This can be attributed to the fact that there were fewer major launches in the beginning of the year. We expect buying demand to be more selective on the back of more launches expected in the near term. Total price quantum will remain the key affordability consideration while unit prices ($/psf) are expected to rise steadily.

CBRE Research maintains its full year forecast of total sales of 12,000 to 13,000 new units (excluding ECs)."


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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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