(February 15 15:52) Sbr.com.sg
Submitted By:
Arianna Danganan
Case Study:
No
The anticipation towards CNY may have held back developers from launching major projects.
Developer sales momentum weakened leading up to Chinese New Year, dropping 17.8% YoY to 433 units in January compared to the 527 units sold in 2017, according to the Urban Redevelopment Authority (URA).
Of the 434, one was an executive condominium (EC) units whilst the rest were private residential. On a MoM basis, sales declined 28.1% compared to December 2018’s 602 units sold.
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