This developer had 19% market share.
Of the estimated 10,000 units launched in January-November 2018, Oxley and Partners accounted for 19% of the market to lead Singapore developers in terms of new launches and existing projects, according to a report from DBS Bank Research.
"Oxley is the top-selling developer in 2018, securing close to 16% of the total sales of close to 9,500 units (as of 27 November 2018) across its seven projects launched to date," analyst Derek Tan said in a report, adding that nearly one out of five units launched in the market were from Oxley.
The top-performing project for 2018, Riverfront Residences, was also developed by an Oxley joint venture. The developer managed to sell 100% of units. Oxley also enjoyed strong sales from Affinity at Serangoon and The Verandah Residences.
City Developments Limited (CDL) followed at second place with 11% market share although it could face trouble disposing of its large inventory following the cooling measures in July. Chip Eng Seng and partners and Qingjian share third place with 9% market share. MCL Land, Hoi Hup and China Construction hold 8%. 6% and 5% of the market respectively.
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