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Buyers mop up more new homes in May amid surge in launches

952 units were sold in May, up 29.5% m-o-m, as units launched tripled; more projects slated before Ghost Month

Singapore

THE 29.5 per cent month-on-month rise in developers' private home sales in May amid a flurry of nine new project launches - suggests that fears of a trade war do not seem to have dampened property market sentiment too much.

"The concern going forward is the external environment and how it will affect sentiment," said a seasoned property consultant.

"But based on the data so far, I do not think that external factors have filtered through to the market. If they had, the demand would be much weaker and developers would be less gung-ho about launches."

CIMB Private Banking economist Song Seng Wun said: "The macro news flow, either from the local front or regional/global fronts has not been...

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