Huizenverkoop Singapore neemt in april af met 51%, pas in najaar herstel

Singapore’s April home sales dropped 51 percent from a record in March as developers marketed fewer projects as residential prices posted the smallest gain in three quarters.Home sales fell to 1,375 units in April, according to data from the Urban Redevelopment Authority released today. Sales in March rose to a record 2,793 units.

The island-state’s private residential property price index rose 0.6 percent in the three months ended March, the slowest pace in three quarters, according to data by the authority. Government measures in January, the seventh round of curbs in about four years, included an increase in the stamp duties for homebuyers by 5 percentage points to 7 percentage points.

“Developers couldn’t sustain the pace of launches they had in March, so we are seeing fewer sales in April,” said Alan Cheong, senior director of research and consultancy at broker Savills (Singapore) Pte. “The month of May will probably see the same pace of launches as April. We may see a pickup from the start of the third quarter.”