Developers have sold a total of 1,178 units of private homes (excluding executive condominiums) in July, up from 821 units in June. Including executive condos, they sold 1,556 units, an increase of 89.3% from previous month. It is not unusual to see a rise in July sales as compared to June, as buyers are likely to close deals before the Hungry Ghost Festival in August. However, the magnitude of the rise signifies the underlying strong demand for new homes, amid the rising trade tensions. Avenue South Residence is expected to be launched after the inauspicious lunar seventh month, in late August.
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