Residential

Transactions declined by 15.2% to 3,065 during the month.

Launches hit 10,963 units during the same period.

Over 19,000 units were launched during the quarter.

One of the five non-landed projects saw a rental decline of 3.5%.

The rental index grew 2.3% in Q2, a much slower rate vs Q1’s 6.2%

Rents may have reached a plateau, but this one factor also needs to be discussed.

One project adds nearly 1,500 units to the market.

Less than 20,000 leases were closed during the second quarter.

Meanwhile, Japan home prices could slightly increase.

Developers’ profitability will remain constrained by weak homebuyer sentiment.

But ultra luxury rents declined by 4%.

This is despite a slight improvement expected across some markets.

It was a 2,788 sq ft unit worth S$8.6 million.

It’s the highest sales since November 2021.

They clinched the second and fifth spots, respectively.

Mumbai clinched the second spot with a 4.3% growth in H1.