Developers launched 1,852 uncompleted private homes excluding executive condominiums (ECs) in the second quarter, compared with 2,093 units in the first.
They sold 1,713 units (excluding ECs) in the second quarter, 20.3 per cent fewer than the 2,149 units sold in the first. New homes sales slowed in April and May but rebounded last month due to the end of the circuit breaker and reopening of show-flats.
The growing number of transactions as well as relative price stability in the second quarter may prompt developers to launch more projects in the coming months.
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