Chart of the Day: Home launches in CCR break 2019 record with 525 units in Q4
The collective sales fever from 2017 to 2018 boosted project launches in prime districts.
This chart from EDMUND TIE revealed that Q4 recorded the highest number of uncompleted residential launches in the Core Central Region (CCR) with 525 units. This supported new sales with a total of 402 units being transacted in the region.
In 2019, residential launches in the region skyrocketed 220% to 1,518 units, compared to 475 units in 2018. “The collective sales fever from mid-2017 to 2018 period gave rise to a slew of new projects being launched in prime districts,” the report noted.
On the other hand, the total transaction volume of private homes fell 15.4% QoQ to 4,878 units in Q4.