Singapore

DEVELOPERS have already sold more new, private residential units and executive condominiums (ECs) so far this year than the whole of last year, thanks to the momentum sustained in November when two new projects were launched. This means 2016 will mark the highest number of new sales by developers in three years.

A total of 7,769 private residential units were sold by developers in the first 11 months, surpassing last year's 7,440 units. Another 3,804 ECs were sold in the same 2016 period, exceeding the 2,550 ECs sold in 2015.