As of May 2025, year-to-date new home sales (excluding ECs) are up an estimated 163% y-o-y to 4,339 units. However, June sales are expected to be slower due to fewer launches during school holidays.
2H25 pipeline of planned new launches (excluding ECs) of 7,168 units will drive sales, especially from July. 2H25 new launches are around 50% more than 1H25’s 4,669 units.
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Key Highlights
Surge in new home sales.
Excluding ECs, New home sales have been strong this year with a 168% jump in year-to-date as of May 2025.
Recognition of new home sales commission revenue is 2-3 months after the property transaction. PropNex's 1H25 results will reflect the spike in new home sales, especially the robust Nov/Dec 24 volumes.
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Stable resale, but HDB resale is slower.
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Above is an excerpt from a report by Phillip Securities Research. Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
