Demand from home buyers has been a bright spot in Singapore’s economic recovery, which is at risk of slowing as the government imposes harsh restrictions to combat the latest Covid-19 outbreak. Rising home sales and prices have spurred speculation that authorities may take steps to cool the market, though some analysts now question whether such a move is necessary.
Singapore home sales remained high in April, just before a flareup of coronavirus cases test the resilience of the property market.
Purchases of new private apartments slipped by 2.6% to 1,262 last month from 1,296 units in March, Urban Redevelopment Authority figures showed on Monday.
