Property market remains resilient despite school holidays

Demand for new homes in June - typically a slow month in the Singapore property market due to the school holidays - appeared resilient although developers sold fewer units.

Figures released by the Urban Redevelopment Authority yesterday showed that, compared with a year ago, sales last month rose 25.5 per cent to 821 from 654 units booked last year. Including executive condominiums, developers moved 822 units.

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