Sales Of New Condo Envisaged To Step Up By 33%

florence-residences-condo-sales-up

Expectations from Edmund and Tie have it that there will be an increase of 33% to 2,300 units in new condo sales volume come 2nd quarter of 2019. This was weighed against 1,739 units recorded in the previous quarter.

In line with Singapore Business Review’s expectations, the hike will be triggered by the new projects which in the location map are located in the Rest of Central Region (RCR). Sales in this region are expected to go over 1,100 units, which is 80% increase.

The forecast is in line with the new five projects launched in the market segment. This segment made up more than 60% of the total number of launches in the second quarter.

The first quarter of 2019 saw the sales volume of new condos increase by 2.3%. Core Central Region (CCR) had about 82% increase in sales volume. IN the same vein, Outside Central Region (OCR) had 52.4% hike, while RCR had a dip of 37.3% in comparison to the previous quarter.

 

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