Singapore Home Sales in May Fall 34% as Fewer Projects Launched

1470958806_singapore construction lede — Photographer: Bryan van der Beek/Bloomberg

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By Pooja Thakur Mahrotri

June 15, 2017 at 4:52 AM UTC

This article is for subscribers only.

Singapore home sales fell 34 percent in May as fewer new projects were launched.

Developers sold 1,024 units last month, compared with a revised 1,558 in April, according to Urban Redevelopment Authority data released on Thursday. A total of 339 new properties were offered, down from 1,616 in April, the data showed.