New Private Home Sales, Launches Up In March

A total of 1,812 private new homes were launched in March. 170 units were in the central core region, 576 units were in the rest of central region and 1,066 units were outside the central region. The figures are higher compared to 596 units launched in February. Compared to March one year ago, 614 units were launched.

ECs included, developers were able to sell 1,062 units in March. This is a higher figure compared to the 457 units sold in February and 788 units sold in March one year ago.

Sales in February were seasonally lower due to the Chinese New Year festivals and lack of new launches.