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(1 April - 31 May 2010)

Monthly Property Market Update for April & May 2010

By any measure, the April-May period was eventful – from the sovereign debt crisis of Greece to the further tightening of Collective Sales rules and to the bumper harvest of 2,207 new home units sold in April (in order of occurrence).

However, buyers in Singapore were mostly oblivious to the negative news and rallied behind the opening of the Marina Bay Sands (MBS) Integrated Resort and the jubilation translated into more new home units sold in April, pushing that month’s new home sales volume to 2,207 units and making it the second-highest monthly sales record since the authority started tracking new home sales record on a monthly basis.

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