SINGAPORE (April 17): CIMB Research is maintaining its projection that developers will launch 10,000 units of private homes in 2018, after total primary home sales rose 68% month-on-month to 788 units in March.
According to analyst Lock Mun Yee, the higher month-on-month sales last month were underpinned by the launch of The Tapestry, as well as “decent” take-up rates in ongoing projects including Grandeur Park Residences, Parc Botannia, and Kingsford Waterbay.
However, she highlights that total primary home sales in March was only one-third of the volume a year ago... (Click here to read the full story)