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Valuations for property developers remain attractive despite slow home sales in June

Samantha Chiew
Samantha Chiew • 6 min read
Valuations for property developers remain attractive despite slow home sales in June
Despite a weak June for the real estate sector, the outlook still seems rosy.
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Singapore home sales in June saw a dip amid a lack of new property launches and rising interest rates.

According to data from the Urban Redevelopment Authority (URA), monthly home sales for June came in at 496 units. Excluding executive condos (ECs), private home sales amounted to 488 units (-64% m-o-m, -44% y-o-y).

This is the lowest number of sales since May 2020, during the circuit breaker period, when developers sold 487 units.

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