Developers Struggle to Sell New Homes in February

Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

Singapore Real estate / Thematic (Sector/Industry)

<p>The latest developers’ new home sales data from Urban Redevelopment Authority (URA) showed a whopping 178.2% monthly increase in March 2016 to 843 new units sold (excluding executive condominiums) from 303 new units sold in the previous month. On a yearly comparison, the percentage change is around 37.5% increase from 613 new home sales sold in March 2015. Is this a sign of a real turnaround in new home sales, or will it revert back to the same old bad news we have seen regularly in the local news headlines?</p>

The latest developers’ new home sales data from Urban Redevelopment Authority (URA) showed a whopping 178.2% monthly increase in March 2016 to 843 new units sold (excluding executive condominiums) from 303 new units sold in the previous month. On a yearly comparison, the percentage change is around 37.5% increase from 613 new home sales sold in March 2015. Is this a sign of a real turnaround in new home sales, or will it revert back to the same old bad news we have seen regularly in the local news headlines?

Capitaland Integrated Commercial Trust (CICT SP)

Mapletree Pan Asia Commercial Trust (MCT SP)

Mapletree North Asia Commercial Trust (MAGIC SP)

Ying Li International Real Estate Ltd (YINGLI SP)

Lippo Malls Indonesia Retail Trust (LMRT SP)

Soilbuild Business Space REIT (SBREIT SP)

Pacific Century Regional Developments (PAC SP)

Frasers Logistics & Commercial Trust (FLT SP)

Green Shoots Forming for New Home Sales in March 2016