by OrangeTee & Tie Pte Ltd.

May new home sales rebound with more local buyers drawn to lower quantums

Monthly Developers' Sales

May 2020

Singapore, 16 Jun 2020

486 new private homes were sold by developers in May 2020, a 75.5% rebound from April despite the continued closure of sales galleries. May’s sales appear to be largely driven by locals and investors, said Christine Sun, head of research & consultancy at OrangTee & Tie.

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