Chart of the Day: Only 6.3% of home units in the pipeline were launched in Q1

This amounts to 2,093 private residential units.

This chart from EDMUND TIE shows that only 6.3% of units in the overall pipeline were launched for sale in Q1. This only amounts to 2,093 private residential units, whilst the remaining 31,077 units have not been launched for sale.

Out of the unlaunched units, 48.9% or 16,220 units have not obtained pre-requisites for sale, whilst the remaining 44.8% or 14,857 units are unlaunched units with pre-requisites for sale.

Based on research estimates from land acquisitions since 2018, more than 9,000 new sale units of pipeline launch supply are set for this year, barring any unforeseen circumstances for each project on the approval process before launch.