Developers' new home sales dropped 19% to 1,009 units

On back of slower launch activity.

According to Colliers International, Singapore developers launched a total of 1,124 new private residential home units (excluding ECs) in October 2013, down 37.8% month-on-month (MoM). Consequently, new home sales by developers also declined by 19.0% MoM to 1,009 units.

OCR
Primary sales activity in the Outside Central Region (OCR) improved despite a decline in launch activity. With limited major launches for the region, the launch volume fell 30.4% MoM to 628 units.

Nonetheless, sales volume improved 87.4% MoM to 716 units, supported by robust interest for newly launched project - The Inflora.

RCR
Market activity in the Rest of Central Region (RCR) turned subdued after the successful launch of the 445-unit Thomson Three and the 694-unit Sky Vue in September 2013.

The launch volume for the region in October fell 73.9% MoM to 230 units while sales volume declined 74.0% to 212 units.

CCR
Only two new projects were launched in the Core Central Region (CCR) in October. The 73-unit Goodwood Grand, a strata-landed development which sold 1 unit out of the 10 units launched and the 81-unit Liv on Wilkie, were 24 units were sold out of the 40 units released.

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