by OrangeTee & Tie Pte Ltd.

S'pore new private home sales drop 30% in May on heightened alert restrictions

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 15 Jun 2021

SINGAPORE - Developers sold fewer homes in May as the latest round of tighter Covid-19 restrictions dampened showflat and property viewings and slowed new launch activity.

New private home sales last month fell nearly 30 per cent to 891 units from 1,268 units in April. 

But the drop in sales volume was not as drastic as during the first month of the circuit breaker in April 2020, when sales plunged by almost 60 per cent from March 2020, analysts noted. Year on year, bookings were up 83 per cent from May last year.

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