by OrangeTee & Tie Pte Ltd.

Singapore's new private home sales dip in June, but demand stays buoyant: analysts

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 14 Jul 2021

THE absence of new launches in June on the back of heightened restrictions has moderated the month's new private home sales, but analysts remain optimistic about market demand.

Based on caveats lodged, analysts estimated that developers in Singapore sold 871 new private homes in June, inching down 2.2 per cent from May's 891.

Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, noted that most developers avoided launching new projects because of the reduced occupancy capacity for galleries during Phase 2 (Heightened Alert), which lasted until the first half of the month.

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