Singapore new home sales down 32%

Private home sales in Singapore saw a big decline of 23 percent month-on-month in May. Excluding executive condominiums (ECs), the drop in sales was even more significant at 32 percent from the previous month.

According to data released by the Urban Redevelopment Authority, 1,702 new private residential units, excluding executive condominiums (ECs), were sold in May, down from April’s record 2,487 units sold.

1,205 new homes were sold in the suburbs, or Outside Central Region, while 362 new homes were sold in the city fringes, or Rest of Central Region (RCR), and 135 units were sold in the city, or Core Central Region (CCR).

Including ECs, 2,057 units of new homes were sold in May.

Join The Discussion

Compare listings