by OrangeTee & Tie Pte Ltd.

New private home sales in S'pore hit 4-year high for April but tighter Covid-19 curbs may cool marke

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 17 May 2021

SINGAPORE - New private home sales dipped in April from a month ago, but they have surged more than four times since April 2020, when the Covid-19 circuit breaker shut down all show flats.

An estimated 1,262 new homes were sold last month - the highest April take up since 2017 - but were down 2.6 per cent from March. Year on year, sales skyrocketed 356 per cent from last year.

An estimated 4,755 new private homes were sold in the first four months of this year, nearly double the 2,426 units sold in the same period last year, according to JLL.

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