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April new private home sales down 11.6%

Pull-back from March's 8-month high sees 745 units sold; existing projects fare better than new launches

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After surging to an eight-month high in March, developers' sales of private homes eased last month.

Singapore

AFTER surging to an eight-month high in March, developers' sales of private homes eased last month. What piqued most analysts, however, is the broad-based demand for existing projects rather than the take-up for new launches in April.

Some saw this as a case of the glass