Oxley and Partners have cleared 50% of units across 11 projects. Photo: 1953 by Oxley
According to a table by a DBS Bank, the top 10 developers by units have sold 13% to 50% of their total units as of Nov 2019, reported Singapore Business Review citing a DBS Bank report.
City Developments had the largest percentage of units sold at 53%, with MCL Land (52%) and Oxley and Partners (50%) on its heels. These companies comprise the top three developers in terms of built units.
Allgreen and Guocoland, meanwhile, recorded low sell-through rates as of Q3 2019.
Developers are becoming more cautious towards land-banking and are now more focused on clearing their inventories.
“With the 5-year Additional Buyer Stamp Duty (ABSD) deadline to come from 2021 onwards, we anticipate a faster momentum for selective projects,” said the report.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com