Sun observed that at the upper end of the private residential market, the cooling measures did not appear to have deterred buyers’ appetite for luxury homes. Going by URA Realis caveats data, transactions of at least S$3 million rose to 115 units last month, up from 89 units in March 2022. Sales of private homes costing S$5 million or more increased to 35 units over the same period, from 24 units previously, she said.