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.