Chart of the Day: Which developer has the largest unsold inventory?

MCL Land and CityDev each have around 2,000 units of unsold land.

This chart from DBS Equity Research shows developers MCL Land and City Developments Limited (CDL) have around 2,000 units each in unsold land inventory, making them the developers with the largest landbanks in Singapore.

However, gross development value (GDV) of CDL is higher at $4b than MCL Land's $2.5b due to the number of luxury projects that CDL has in its book.

Oxley has also been actively land-banking and will be launching close to 1,136 units next year with a GDV of $1.5b. UOL, together with UIC, has an estimated GDV of $1.8b in 1,290 units.

Niche luxury-end developments – GuocoLand also has close to 500 units in the market for sale worth about $1.73b.

Roxy Pacific could also potentially lock in substantial sales of close to $0.6b if the planned sales across the group’s seven projects do well when launched in 2018.

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