New private home sales up 75% in May from April, but down 49% from a year ago: The Straits Times

Developer’s sale of non-landed private residential home increased 75% month-on-month in May, although dropped by 49% when compared to a year ago. This increase bucks the trend of the muted demand during the circuit breaker period underscored by salary cuts and increased unemployment rates. Total caveats lodged in May were 486 units as compared to 277 from the month before.


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