Chart of the Day: New launches boost home sales in October

Private homes saw a 128% increase.

October 2016 sales volume up 87% YoY led by new launches as transaction volumes firming up to be stronger, DBS Group Research said.

This increase was led by private homes (+128%), of which more than half of the sales were from the new launches of Forest Woods (364 units) and The Alps Residences (334 units). Meanwhile, EC sales increased 5% YoY.

Apart from the new launches, the sales volume for existing projects remains moderate, with 24 to 57 units sold among each of the top 10 sales by project.

Among the EC sales, Sol Acres and The Terrace continue to be among the top 5 selling projects while The Trilinq was the other private project in the list, implying some clearance of the residential supply.

As of October 2016, year-to-date primary sales volume is tracking ahead of 2015, 20% led by EC sales (56%) and private sales (8%).