by OrangeTee & Tie Pte Ltd.

March's private home sales slump may be signal for full-year rout

Monthly Developers' Sales

March 2020

Singapore, 16 Apr 2020

Sales of new private homes by developers were down 32.4%, with only 660 units sold compared to February. This disparity is partially attributed to strong sales in the CCR region in February. [In March], no mega projects were launched in CCR, said Christine Sun, OrangeTee & Tie's head of research & consultancy. "New home sales in RCR and OCR remained resilient last month as many deals were probably near completion prior to the worsening of the Covid-19 outbreak and before stricter safe-distancing measures kicked in at the end of March," she said.

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