Executive Condos has also registered a much better year-to-date performance, in spite of the absence of brand-new launches given that July. In the first 10 months of 2016 alone, developers offered a total amount of 3,553 ECs, up 39 % from the 2,550 units marketed in 2015.
"Should there be a new EC job launch prior to the end of the year, EC sales in 2016 could number more than 4,000 systems," claimed Sim.
New property launches soared to a 15-month high in October as 2 freshly released condos draws awesome take-up rates.
The 1,252 condos marketed in October have actually assisted to raise overall year-to-date sales. And with two brand-new condos introduced this month– Parc Riviera and Queens Peak— CBRE changed its sales quotes for 2016 to around 8,000 units, above the 7,440 offered in 2015 and also 7,316 sold in 2014.
"Buyers have actually been encouraged by value acquires in terms of competitive rates and low quantums, as smaller systems seem to be obtaining (the) most demand. Some customers are additionally benefiting from the existing market circumstance to upgrade," claimed Desmond Sim, Head of CBRE Study (Singapore and also Southeast Asia).
Developers marketed 1,252 new condominiums last month, greater than double the 509 marketed in September, and also the greatest considering that the 1,655 units sold in July 2015.