New Launches
• H1 2020 new launch supply declined by 56% compared to H2 2019. The nationwide lockdown imposed from the last week of March severely impacted the real estate sector, resulting in muted launches.
• Q2 2020 was the most impacted quarter with launches being the lowest since 2013. During this quarter, new launch supply declined by 97% over Q1 2020 and 98% over the same period last year.
• The share of affordable housing in H1 2020 new launches was around 36% of the total supply. This decreased from 41% in H2 2019. In absolute terms, the half-yearly decline in this segment was around 61%. No new supply was added in the affordable segment in Q2 2020.
