Although Singapore was going through its COVID-19 circuit breaker during April and May, interestingly, the sales of new private homes went up last month.
As per the figures put forward by sales caveats, Knight Frank Singapore, the developers sold 484 new private homes in May. This is about 74.7% more than the 277 private homes that were marketed in April. Knight Frank also clarified that around 967 caveats for private homes were registered during the period of April 7 to June 1. Out of these, 380 units were categorized under resale transactions and 577 for new sales, whereas only 10 were assigned for sub-sales.