$PROPNEX LIMITED(OYY.SI)$ “Dev

“Developers’ sales are supply-led, typically driven by new launches that come on and may fluctuate substantially from month to month, depending on the availability of new projects in the given month,” said Wong Siew Ying, research and content at PropNex Realty. “With a steady pipeline of new launches to come, we expect the new home sales market to be lively, supported by sensitive pricing on the part of developers.”

Wong expects sales to bounce back this month with four major condo launches having already sold more than 1,100 units on their launch weekends in July, led by SingHaiYi Group’s fast-moving Grand Dunman project in the Katong area.

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