Published:
Launches down, not buyer sentiment
It is not all bad news after all for Singapore residential property.
OCBC Investment Research noted:
Over the month, a traditionally lull period due to the Hungry Ghosts’ Month of the lunar calendar, a low 26% of total sales were attributed to projects newly launched.
Because of the boost new launches typically have on sales figures, we judge that the slowdown in headline sales momentum is more likely due to limited new launches than a meaningful slowdown in buyer sentiment.
Furthermore, we note that sales volumes continue to hover above healthy levels above 1k per month, underscoring the impact of a continued highly liquid environment.
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