Chart of the Day: RCR posts lowest new launches for 2020
This is out of the 9,000 pipeline launches this year.
This chart from EDMUND TIE shows that the Rest of Central Region (RCR) at the city fringe has the least pipeline launch supply this year, with an estimated total of 1,814 units. This is out of the 9,000 pipeline launches wherein more than 5,000 units are of 99-year leasehold tenure.
However, the research notes that there may be a slowdown in new launches as developers may delay the project launches for H1 amidst ongoing uncertainties stemming from the pandemic.
For 2021, more than 1,200 new sale units of pipeline launch supply are estimated to come onboard, barring any unforeseen circumstances for each project on approval process before launch.
Out of which, the bulk, or nearly 800 units, is in the Outside Central Region (OCR) and the remaining is in the Core Central Region (CCR). Irwell Bank Road in the CCR has 445 potential units, whilst Jalan Bunga Rampai, Canberra Drive (Parcel A), and Canberra Drive (Parcel B) all in OCR have 115, 220, 455 units, respectively. There will not be any estimated pipeline launch supply in the RCR in 2021.