OrangeTee Research: Analysis of Launch and Sales of Units by Developers in 2018 April
Sales remained robust, buying trend likely to continue
Developers’ new home sales including Executive Condominiums (ECs) rose 68.1% month-on-month to 1,325 units
in April, buoyed mainly by the launch of the new EC, Rivercove Residences. However, on a year-on-year basis,
sales fell 36.1%. The top selling projects were Rivercove Residences (512 units), Park Place Residences at PLQ
(166 units), The Verandah Residences (141 units), Harbour View Gardens (52 units) and The Tapestry (51 units).
Sales remained robust as more buyers have decided to commit to a purchase now rather than wait further, and
this buying trend is likely to continue into the next few months. As some mid-large sized projects like Twin Vew
and Amber 45 are being launched/slated to be launched this month, primary sales in May could surpass April’s
Riding on the current sales momentum, some developers are fast tracking their projects launches in the coming
weeks. This is rather unusual as most developers would typically avoid the June holidays to launch any major
projects; as seen from a dearth of major launches in the month of June from 2015 to 2017. Some major launches
on the cards include The Garden Residences, Affinity at Serangoon, Margaret Ville, South Beach Residences and
The Jovell. Other launched projects may also be releasing more units in latter phases. Therefore, we foresee a
spike in sales transactions in June.
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