SINGAPORE - The partial lockdown measures from the start of a"circuit breaker" period hit Singapore's property market in April, sending the resales of private non-landed homes tumbling although again prices barely moved, according to flash data on Tuesday .
Year on year, resales last month dived 62.2 per cent compared to April 2019. They were also 66.8 per cent lower than the five-year average volumes for the month of April. "Although some have turned to virtual house tours as an alternative, it will still take time for remote house viewings to gain traction as potential buyers may still prefer to make a final inspection of the units before they make a purchase," she said.
SRX's data for last month also showed overall resale prices dipped just 0.2 per cent over March as sellers held onto their asking prices. Resale prices were 0.7 per cent lower than a year ago.
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