Chart of the Day: Volatility dampens property market sentiment

Total primary sales dropped 23% MoM to 2,057 units in May.

Savills Research reported:

The ongoing volatility in the global environment has started to dampen property market sentiment slightly in the first two months of Q2. Total primary sales (including executive condominiums [ECs]) fell 12% month-on-month (MoM) to 2,670 units in April and a further 23% MoM to 2,057 units in May. However, on a YoY basis, demand leapt 61% to 12,978 units in the first five months of this year.

The softening in demand could have been caused by lesser launches of large projects (>100 units) in recent months. In Q2/2012, although there were 14 major projects launched, only one, Eight Riversuites, was a mega project with 862 units. Midsized developments launched include 1 Canberra (665 units), River Isles (610 units), Flo Residence (530 units) and Sky Habitat (509 units). These launches saw a relatively healthy take-up with most projects snagging more than 100 sales within the first month of their launch.

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