"Demand and market absorption rate slows down during the course of 2016. Sold rate falls negatively to 41 percent y-o-y in 2016, compared to the increased 41 percent y-o-y in 2015. The slow rate is due to too many supplies at the same time.
However, the recent market stimuli has lifted up the market growth again and this will continue to grow over the next coming year. Market stimuli are when developers have practiced a more flexible payment or some short of financial schemes to expand their market among the middle income group.
Average absorption rate in general for cluster landed housing market is 1.7 years in 2016, a bit slower than before."
Director of Research, VTrust Apprasal