Developers sell 5,973 units in Q1 2018, record 11.5% growth y/y

Fifteen WSE-listed developers (including Victoria Dom listed on Catalyst) sold a total of 5,973 apartments in Q1 2018, 11.5 percent more than in the corresponding period of last year, according to the companies’ market filings. Robyg sold the highest number of units (914, which was 2.5 percent fewer than in Q1 2017), followed by LC Corp (873 units, a 57.9 percent increase) and Dom Development (848 apartments, up by 5.2 percent). Lokum Deweloper and Inpro saw the sharpest increase in units sold (159.8 percent and 82.8 percent respectively). The two developers sold 304 and 245 units respectively.