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Chart of the Day: See how July’s developer sales slid down 53% from last year
Poor performance to go on beyond Hungry Ghost month.
July’s developer sales stayed flat as sales from previous months’ launches continued to slow significantly, and take-up at the four new launches was subdued at best.
In a report by Barclays, year-to-July sales was 4,893 units, down to 4,893 units from 10,432 units in July last year.
Barclays says that the weak trend will continue beyond August, as the traditionally quiet Hungry Ghost Festival month kicked in from 27 July. The bank sees rising risk of unsold inventory, across both high- and low-end segments.
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