Analysts make light of March fall in developers' home sales

Singapore

MARCH private home sales dived almost 60 per cent from a year ago - but industry players are unfazed, citing a dearth of new launches as the main cause.

Sentiment remains buoyant and, with the slew of launches rolled out this month and more to come, buyers are expected to be drawn out; developers and their marketing agents will be kept busy.

There were only two new launches last month - The Tapestry in Tampines and 8 Hullet off Cairnhill Road.

Developer City Developments' project, The Tapestry - the bigger of the two projects - moved 329 units in March at a median price of S$1,408 psf.

Colliers International's head of research for Singapore Tric…