The condominium sector saw a significant influx of new launches, comprising 5,853 units in total, 55.5% of which were positioned in the affordable sector. In addition, the market witnessed 5 condominium project completions totalling 1,393 units, a q-o-q increase of 27.7%.
The completion of Star City consisting of 20,323 sqm of net leasable area boosted strata-title office supply by circa 51%. The centrally-owned market saw no new completions in Q2 2019. The sector maintained a high occupancy rate of approximately 86.5%, a q-o-q uplift of 0.5%.
Two project completions within the retail sector increased total stock by approximately 7%, adding 4,881 sqm and 15,084 sqm to community mall and shopping mall stock, respectively.