SINGAPORE PROPERTY MARKET: NEW PRIVATE HOME SALES (MAY 2022)
High take-up rate for new private homes in May 2022. Prices of new homes appear to be on the rise. New private home sales more than doubled in May and also hit a 6-month high as monthly figures have been hovering around 600 units since cooling measures were introduced in December last year. Developers in Singapore sold 1,356 new homes last month, up 105.5% from Aprilโs 660 units. The spike in sales was mainly attributed to the strong take-up rate (nearly 80%) of 2 major launc