Residential
New projects by developers behind the strong sales for private homes in September
The new projects by developers in Outside Central Region (where mass-market developments are located), which includes 78.4% of the total 1,919 units and 81% of the 1,631 units (excluding ECs) sold in the past month, are behind the strong sales in the private home market in September. Developers sold 1,631 private homes excluding executive condos (ECs) and 433 ECs, an increase of 20.7% and 49% from August. The increase in EC sales is likely due to the increase in income ceiling for ECs. 2,064 units were sold in September, including ECs, a month-on-month increase of 25.8%. The launches in September also accounted for the strong sales, with 2,493 private homes including ECs being released.
Government to release three land parcels for private housing and one for EC
The four land parcels to be ...
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