19 Jun '18, 12am

Jump in #Singapore May home sales lifts hopes for second half. #property

MAY'S firm pick-up in developers' property sales has prompted consultants to predict a take-off in the second half of the year as more new launches come onstream. While the year got off to a slow start - with residential launches lagging that of last year - developers' sales survey by the Urban Redevelopment Authority for May showed developers sold 53 per cent more private homes (1,121 units) than a month ago or 8 per cent more than a year ago. This came on the back of a 60 per cent month-on-month surge in launch units in May and a 186 per cent jump from a year ago as developers launched four new projects last month. sentifi.com Market voices on: Including executive condominiums (ECs) - even though no new EC was launched - developers sold a total of 1,257 homes, 5 per cent fewer than a month ago or 11 per cent lower than a year ago. SEE ALSO: Rebel developers are trying to...

Full article: https://www.businesstimes.com.sg/real-estate/jump-in-may-...

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