Property market remains resilient despite school holidays

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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. Analysts noted that last month's 13.8 per cent drop in sales from May was not as weak compared with...

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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