Residential sales jump 12.7% MoM in August

JLL attributed the increase to the handful of primary projects launched during the month.

The number of units sold in August reached 4,137, translating to a 12.7% increase from last month.

Of the total sold, 1,564 were primary, and 2,573 were secondary units. 

JLL attributed the increase to the handful of primary projects launched at competitive price levels during the month.

Amongst projects launched in August which were well-digested by the market were Sun Hung Kai Properties' Novo Land (Phase 1B) in Tue Mun which sold 98% of its 733 units, and Henderson land's One Innovale Archway also sold 98% of its total units.