Hopeful signs in primary, resale markets
The market is rife with speculations on whether private residential prices are bottoming out, and there are positive signs that are fanning hopes. Developers sold 7,551 condominiums and apartments in 2016, more than 2015’s figure of 6,895 units, based on caveats lodged up to early December 2016. Including landed homes and executive condominiums (ECs), primary sales were up 15% y-o-y from 9,957 to 11,430.