There was no major project launches in September 2023 hence pulling down monthly sales.
217 private residential units were sold in September 2023, 44.9% lower than in August 2023.
Huttons estimates developer sales to be between 5,200 and 5,500 units in the first nine months of 2023.
Hillock Green, J’den, Mattar Residences and Watten House are likely to be launched for sale in 4Q 2023.
Total developer sales could be between 6,500 and 7,500 units this year.
Prices of new homes are likely to increase up to 5% in 2023 on the back of higher inflation and resilient demand.