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Singapore home sales fall in May amidst tightened pandemic restrictions

Bloomberg
Bloomberg • 2 min read
Singapore home sales fall in May amidst tightened pandemic restrictions
Purchases of new private units declined about 30% to 891 last month from 1,268 in April.
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Singapore home sales fell in May after the government tightened pandemic restrictions.

Purchases of new private units declined about 30% to 891 last month from 1,268 in April, Urban Redevelopment Authority figures showed on Tuesday.

The drop came amid a Covid-19 outbreak that led authorities to reimpose social distancing measures. While homebuyers have still been able to view apartments, the capacity was reduced from five to two people per group. Sales may pick up again as the government is set to ease restrictions this week following a reduction in local cases.

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