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Read also: Buyers snap up 10 units at Van Holland on opening weekend of sales And: Hong Leong sells 20 units at The Avenir on launch weekend
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Flurry of new launches in 2020
According to Christine Sun, head of research and consultancy at OrangeTee & Tie, “many developers held back their official launches [in December 2019] in anticipation of a resurgence in buying interest, which usually occurs at the beginning of the year, after buyers return from the year-end holidays”.
She expects there could be close to 30 new launch projects lined up in 1H2020, with about 50% located in the Core Central Region (CCR) and the rest evenly spread between the Rest of Central Region (RCR) and Outside Central Region (OCR).
Nicholas Mak, head of research and consultancy at ERA Realty, states that the first two weeks of this year have already seen three major residential projects launched, namely Van Holland, Leedon Green, and The Avenir, with more to follow after the Lunar New Year period.
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