New private home sales rebound in May despite virus curbs

New private home sales rebound in May despite virus curbs

The Straits Times, 11 Jun 2020

By Michelle Ng

75% rise comes even as show-flats were shut, in-person viewing of property was prohibited

New private home sales rebounded last month from April, even as Singapore was in the second month of its Covid-19 circuit breaker.

Developers in Singapore sold 484 new private homes last month, going by sale caveats, Knight Frank Singapore said yesterday. This is 74.7 per cent more than the 277 new private homes they sold in April.

A total of 967 caveats for private homes were lodged during the circuit breaker from April 7 to June 1, said Knight Frank. Of these, 577 were new sales, while 380 were resale transactions and the remaining 10 were sub-sales.

Read more at: https://www.straitstimes.com/business/property/new-private-home-sales-rebound-in-may-despite-virus-curbs