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 unsold units. Analysts are however optimistic on the outlook, predicting some 700 to 800 transactions for July with the launch of 372-unit AMO Residence at Ang Mo Kio.
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PAULINE CHUA
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ERA Realty Network Pte Ltd
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