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Singapore Home Sales Set for Harder Hit as Lockdown Tightened

  • Sales declined 32% in March as potential buyers stayed home
  • Transactions could be hit harder amid more draconian measures
Singapore Prepares For a Far Hotter World Than the Paris Target
Photographer: Wei Leng Tay/Bloomberg
Updated on

Singapore home sales slumped in March and are set to take a harder hit in coming months as the government enforces a more draconian lockdown that threatens to bring the property market to a standstill.

Sales in the city-state fell 32% to 660 units last month -- even before the toughest curbs were imposed -- from 976 in February, according to Urban Redevelopment Authority data released Wednesday.