Economics
Singapore Home Sales Jump 75% as Online Viewings Take Hold
- Sales rise even with city still under virus lockdown
- Buyers are getting used to online tours, analysts say
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Singapore home sales rebounded in May as more buyers got used to virtual real estate viewings with the city-state still under Covid-19 lockdown.
The number of new units sold jumped 75% to 486 last month, compared with just 277 in April, according to Urban Redevelopment Authority data released Monday. Still, sales for May were about 50% lower than a year earlier.