March's private home sales slump may be signal for full-year rout

Singapore

DEVELOPERS in Singapore sold 660 private homes in March, down 32.4 per cent from the previous month as buyers of posh homes locked up their cheque books.

April is expected to hit a roadblock and full-year sales are likely to plummet given the current circuit breaker and looming global recession, say consultants. One forecast is for 2020 sales to reach only half of last year's 9,912 units.