Residential

Thanks to local professionals’ activation of leases.

The lacklustre activity recently does not bode well for the market.

The unsold market inventory dropped to 4.8% in Q1.

South Central Mumbai accounted for 40.4% of all new launches.

Typical prime non-landed residential prices also inched up 0.9%.

Following Hong Kong were Sydney and Vancouver.

The growth was driven by a number of new launches during the month.

Consumer sentiment is likely to turn positive in the second half of 2022.

There were 1,356 private homes sold last month.

After the imposition of a higher ABSD, residential property investment sales declined to 33.4%.

South Central Mumbai was the top contributor to this quarter’s new launches.

That’s despite two consecutive quarters of declining transaction volumes.

Vacant stock declined 12% to 20,299 units in Q1 2022.

The URA rental index rose 4.2%, the largest quarterly increase since Q2 2010.

One-bedroom units in the Core Central Region are enjoying high take-up.

The sites will also yield 14,750 sqm gross floor area of commercial space.