The developer with the highest number of unsold inventories in Singapore is Hong Kong Land with nearly 2,000 units that are yet to find a buyer, according to Maybank Kim Eng and reported in the media.
Around 66 percent of its unsold stock consists of executive condominiums (ECs). It also has many properties in the Outside Central Region (OCR) and a few in the Core Central Region (CCR) that haven’t been taken up.
Coming in second place is Qingjian Realty with close to 1,800 unsold units, but it has the largest number of unsold ECs, followed by MCC Land with about 1,700 unsold units – a huge proportion of which are in the OCR and Rest of Central Region (RCR).
City Developments Limited took fourth spot with around 1,500 unsold units, with a sizeable number of properties located across the three regions.
Rounding out the top five developers is Kingsford with nearly 1,400 unsold units, all in the OCR.
Meanwhile, the five developers with the least number of unsold homes (fewer than 300) are China Sonangol, SG-Johore Express, BBR, Ho Bee and Oxley.
*Clarification: The definition of “unsold residential units” in this article takes into account yet to be launched units, which may not have met the pre-requisites for sale.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
