15 Nov '16, 8am

.@DesmondSim6 @CBREResearch comments on the Oct @URAsg sales volume

CBRE Comments: URA Oct Sales Volume Desmond Sim, Head, CBRE Research, Singapore and South East Asia: “Flight to value seems to be the key driver of demand. In months with no new launches, we observed healthy take up of units that were previously launched. During this month, two new projects – Forest Woods and The Alps Residences - were launched and these saw strong demand as well. October’s sales of 1,252 units has helped to lift the total sales year to date. With another two new projects launched in November, Queens Peak and Parc Riviera, CBRE has revised upwards the sales estimates for the whole of 2016 to be in the region 8,000 units, more than the 7,440 sold last year and 7,316 in 2014. Similarly, EC projects have also turned in a better performance year to date although there have been no new launches for them since July. It is possible that the some of the potential ...

Full article: http://www.cbre.com.sg/aboutus/mediacentre/mediaarchives/...

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Sales

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