Singapore new private home sales flat in April, likely to climb in coming months

AMID a dearth of launches, developers sold 653 new private residential units, excluding executive condominiums (ECs), in Singapore this April.

This is largely unchanged from the 654 sold in the previous month, according to data released by the Urban Redevelopment Authority (URA) on Tuesday (May 17).

However, property analysts anticipate sales momentum to pick up soon, led by major new condominium projects such as the 407-unit Piccadilly Grand and the 298-unit Liv @ MB.

Compared to a year ago, last month’s new sales excluding ECs sank by 48.6 per cent from the 1,270 transacted in April 2021, when there had been 4 property launches.

Huttons senior director (research), Lee Sze Teck, highlighted that monthly new sales in 2022 thus far have hovered between 650 and 700 …

A NEWSLETTER FOR YOU

Tuesday, 12 pm

Property Insights

Get an exclusive analysis of real estate and property news in Singapore and beyond.

Sign Up