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Chart of the day: Launched units in OCR halved in Q1
This is attributed to the lack of large-scale launches.
This chart from EDMUND TIE research shows that uncompleted units launched and sold in the Outside Central Region (OCR) nearly halved to 611 units in Q1 from 1,208 units in Q4 2019.
Correspondingly, new sales in the OCR fell by 30.7% QoQ to 778 units, falling below 1,000 units for the first quarter since Q4 2018, when 713 units were sold in the new sales market.
This is attributed to the lack of large-scale launches in Q1, with only two new projects of less than 50 units each being launched. In contrast, out of the five new launches in the OCR in Q4 2019, three launched more than 100 units each.
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