In Q1/2015, seven new projects and new phases in thirteen active projects were launched and provided approximately 6,600 units. This is an increase of 40% quarter-on-quarter (QoQ) and 137% year-on-year (YoY). This quarter had the highest amount of newly launched supply since Q2/2011.
As of Q1/2015, there were approximately 20,500 available units in the primary market, a sharp increase of 11% QoQ and 32% YoY.
Source : Savills