Singapore New Home Sales Drop 66%

BY Realty Plus

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Developers in Singapore chalked up 301 new private home sales in April, down 58.1 percent from March’s take-up as fewer new units were launched in the month, official data showed.

Year on year, last month’s new home sales were 66.2 percent lower than the 890 units recorded in April 2023. Including the hybrid public-private executive condo segment, new unit sales dropped 57.7 percent from 832 units in March to 352 units in April, according to data from the Urban Redevelopment Authority

On the year, total new home sales were 61.4 per cent lower than the 912 units sold in April 2023. Only 234 private homes were launched in April, 73.3 per cent lower than March’s 877 units, and 70.7 per cent lower than the 798 units released in the year-ago period.

The bulk of new units launched last month were in the Rest of Central Region, which saw 199 units released. Some 20 units launched were in the prime Core Central Region, and 15 units were newly marketed in the suburbs or Outside Central Region.

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Tags : Singapore home sales Urban Redevelopment Authority hybrid condo private homes