Although Developer’s sales for May had increased significantly by 75% from April’s sales of 277, it does not mean that the property market is out of the woods as the transaction volume plunge 49% from 952 units a year ago. Out of a total 40 to 50 expected new projects to be launched this year, only 25%, 12 projects were launched in the first half of the year. In term of unit available for sales, a total of 615 private residential homes were launched in May, 640 in April, a stark contrast from 1394 units from May last year.
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