Vincent Ong 6598531741

Private home sales hit five-year low in March, set to worsen with April’s circuit breaker

Sales of new private homes hit a five-year low in March as tightened Covid-19 safe distancing measures resulted in fewer major condominium launches and shuttered showflats, data from the Urban Redevelopment Authority showed on Wednesday (April 15).

Excluding executive condominiums (EC), a total of 660 units were sold last month, a steep 32.4% drop from the 976 units sold in February.

– 15 April, 2020


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