SINGAPORE: The second quarter of 2024 has witnessed a significant 70% drop in new condo launches in Singapore.
According to data from Huttons Data Analytics, only 600-700 new private residential units were introduced between April and June, sharply down from 2,374 units launched during the same period last year. This reflects a 65% decline from the previous year and a 35% drop compared to the first quarter of this year.
District 23 saw strong developer sales with projects like Hillhaven, The Botany at the Dairy Farm, and The Myst leading sales, accounting for over 66% of the 757 units sold.
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