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Chart of the day: Launched units in CCR surged 63.6% in Q1
This was mainly led by the high takeup rate for The M.
This chart from EDMUND TIE shows that uncompleted units launched and sold in the Core Central Region (CCR) rose to 859 units in Q1. This is equivalent to a 63.6% jump from the 525 units in Q4 2019.
This was mainly led by the high takeup rate for The M, with more than 70% or 375 units sold with the median price at $2,439 per sqft. It is also attributed to six other new launches in the CCR in Q1.
The hike in launched units brought about more transacted units, with 546 units sold in the CCR new sales market, despite muted residential demand.
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