Economics
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
This article is for subscribers only.
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.