JLL expects the market to remain challenging due to the downside risks arising from the economic slowdown, substantial unsold supply and a weak leasing market. However, the sales pick-up for the new launches in March is “poignant enough to reflect an improvement in sentiments and demand,” says Ong Teck Hui, JLL national research director. “If this trend continues, it would result in improvements in both launches and sales take-up in 2Q16 and that may pave the way for further moderation in price declines in 2016, compared to the last two years.”