CapitaLand’s Singapore home sales dip 36% YoY to 151 units

Sales value decreased 7% to $412m YoY.

CapitaLand’s Singapore residential sales are moving at snail’s pace, according to a report by OCBC. So far in 2015, home sales in the country have staggered back 36% YoY to 151 units. But thanks to the favorable mix of units sold, YTD sales only slipped 7% YoY to $412m.

Meanwhile, cautious market sentiments about China were not enough to keep residential sales down. CapitaLand reported that China home sales skyrocketed 129% to 2,422 units in 2015’s third quarter. 6,492 units were sold in 9M15, representing a 97% growth from the 3,288 units sold in the corresponding month of 2014.

The company reports it is geared for 4Q15 with a steady pipeline and over 2,000 launch-ready units.