Chart of the Day: Non-landed private homes sold rose by 205% m-o-m

It rose to 62% YoY to 1,868 units excluding EC and landed-units - the most units sold in a whooping 21-month period.

The pace of units launched was also up 137% MoM to 2,193 units. The take-up rate was healthy at 85%, versus 66% in Dec 11. As a result, the inventory of launched and unsold inventory in the market increased 6% to 6,136 units.

According to Eli Lee, analyst at OCBC Research,The MOM increase was mostly due to the mass-market segment (OutsideCentral Region or "OCR"), where the number of units launched and sold were up a whooping 165% and 272% MoM respectively, with a steady 89% take-up rate. In stark contrast, the high-end/mid-tier was subdued,
with sluggish take-up rates and negative MoM/YoY sales.