SINGAPORE PROPERTY MARKET: NEW PRIVATE HOME SALES (JUNE 2022)
New home sales cooled in June, falling to 488 units from May’s 6-month high of 1,355 units, excluding executive condominiums (ECs). This represents a 44% fall from June 2021, and the lowest June sales since 2015. Including ECs, sales dropped 63.9% from 1,375 units to 496 units on the month. In total, 397 units were launched in June 2022, with 349 in the CCR, 48 in the OCR and 0 in the RCR. Analysts attribute the low sales to the June school holiday, and the dwindling stock of