Chart of the Day: 60% of condo projects show low take-up rates in its first month

New projects’ benchmark prices and hefty stamp duty continue to be the main drag.

This chart from Savills shows that the take-up rates of condo projects in 2019 has been low in the four weeks since the sale day of first caveat.

Amongst 52 projects in 2019, 31 or close to 60% of the projects registered a take-up rate less than 10%. This is followed by nine projects or 17.3% of the total that saw take-up rates ranging from 10% to 20%.

Savills noted that besides external factors, such as economic uncertainty and a weak job market, new projects’ benchmark prices and hefty stamp duty paid for the second property and above continued to be the main drags in the sales market.  

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!