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Singapore's luxury condos helped boost property sales in May

Bloomberg
Bloomberg • 2 min read
Singapore's luxury condos helped boost property sales in May
SINGAPORE (June 18): Property sales in Singapore jumped 30% last month, led by demand for luxury condos.
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SINGAPORE (June 18): Property sales in Singapore jumped 30% last month, led by demand for luxury condos.

A total of 952 private homes were sold in May, up from 735 in April, according to Urban Redevelopment Authority of Singapore data released Monday.

Almost a third of the properties sold fetched more than $2,000 per square foot, and 48 new homes sold for $3 million or more, OrangeTee & Tie Pte said.

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