August's developer sales figures just out from URA.
Total Private Condo units sold: 1348
Total EC units sold: 290
Grand total: 1638 units (including EC), down from 1966 units from July.
Quick Analysis:
Total Number of Units in Project : 66590
Cumulative Units Launched to-date : 54483
Cumulative Units Sold to-date : 48735
Total Number of Unlaunch Units in Projects : 12107
Cumulative Units Launched but Unsold : 5748
Units Sold in the Month of Aug : 1638
Grand Total Unsold Units (both Launched & Unlaunch) : 17855 units
17855 + another 17 GLS for 2011H2 (est: 8000 units) + 2011 H1 GLS (est 6000 units) = roughly around 31855 units from now till next year..
31855 can last for around 2.5 years of demands assuming no more GLS in the year of 2012 & 2013...