Chart of the day: Private residential launches picks up in Q2

However, this was still lower than the launches in same period in 2021.

This chart from Savills shows the number of private residential units launched and sold in the primary market from 2017 to 2022.

The chart shows that the number of units launched reached 1,956 units in the second quarter (Q2) of 2022, triple the 613 units launched in the previous quarter.

However, this was still lower than the 2,356 units that were launched in the same period a year ago.

ALSO READ: Primary residential market sales volumes grows 31.3% QoQ

Savills attributed the quarter-on-quarter increase to the new launch of larger projects in Q2 than in Q1. There were two new projects launched in the quarter in review, each with over 200 units. On the other hand, the largest new launch in Q1/2022 was Belgravia Ace, where 85 of the 107 units were released for sale.

Savills predicts that private residential home sales would go on to set record prices in the mass and mid-tier markets.

Follow the link for more news on

Savills

Chart of the Day

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia