Home sales volumes rose 91% from the previous year in October to 928 units. This was a fall of 27% compared to Sept 2018 despite three new major project launches. Year to date volumes are up 13% compared to the same period last year. Year to date volumes are 8,397 units. The month’s new launches had low initial sale rates. GuocoLand’ 219-unit Midtown Bay sold 50 units at S$2,900 psf (take-up rate: 22%), Hong Leong’s 564-unit Midwood, condo which launched 50 units, sold 24 units at S$1,650 psf (take-up rate: 4%) and Allgreen’s 285-unit Royalgreen sold 42 units at S$2,700 psf (take-up rate: 15%). October sales volumes comprised mainly sales in existing projects – MCL Land’s 1,399-unit Parc Esta sold the most units (92 units @ S$1,600 psf), followed by Sim Lian’s Treasure at Tampines (sold 88 units @S$1,370 psf). Spillover from this month’s new launches...