New private home sales take a hit in May on the back of heightened measures
But month-on-month fall in sales volume isn't as drastic as during the circuit breaker last year
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TIGHTER restrictions to curb a resurgence in Covid-19 cases dampened new private home sales in May, although the impact wasn't as severe as during the circuit breaker in the corresponding month last year.
According to estimates from analysts (based on caveats lodged), developers sold 863 private homes in May - excluding executive condominiums (ECs), which are a public-private hybrid - nearly 32 per cent less than the 1,262 units moved in April.
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