The 84% sales is a three-year high record.
According to CIMB, Sep’s new private home sales rebounded 84% mom to a new three-year high of 2,621 units, exceeding Apr’s numbers and tipping 9H12 sales over 20k units, above 2011 levels.
Here's more from CIMB:
QE3 sets the stage for a prolonged low interest rate environment, propping up demand.
Demand was led by new launches in the mass market segment. Mid- to high-end volumes held steady. Policy headwinds remain. We remain Neutral on the sector, with top picks being CapLand and OUE. We maintain our preference for S-REITs.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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