![Sales of new private homes slump to 4-year low in April](https://cdn.magzter.com/1617717947/1715809301/articles/0-6IngeOV1715812717780/SALES-OF-NEW-PRIVATE-HOMES-SLUMP-TO-4YEAR-LOW-IN-APRIL.jpg)
New private home sales slumped to a four-year low in April after a strong rebound in March, due to a lack of major new launches and buyers' fatigue in the face of stillhigh interest rates, economic uncertainty and upcoming new home supply.
Developers' sales, excluding executive condominiums (ECs), plunged 58.1 per cent to 301 units in
April from 718 units in March, alongside a 68 per cent drop in the number of new units released for sale to just 278 in April, from 877 units in March.
Just three new small non-landed projects were launched in April - 32 Gilstead (14 units), The Hillshore (59 units) and The Hill@One-North (142 units).
Including ECs, new home sales fell by 57.7 per cent to 352 units in April from 832 in March.
Year on year, new private home sales fell by 66.2 per cent from 890 units in April 2023 to a four-year low for that month since 277 units were sold in April 2020, when lockdown measures were first implemented during the Covid-19 pandemic.
This brings new private home sales for the first four months of 2024 to 1,465 units, down by 31.7 per cent from 2,146 units sold in the same period in 2023, real estate brokerage CBRE noted.
Esta historia es de la edición May 16, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 16, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
![ALCARAZ PLAYS DOWN MATCHING RECORDS](https://reseuro.magzter.com/100x125/articles/24723/1728680/fSEhdWQh01718061261838/ALCARAZ-PLAYS-DOWN-MATCHING-RECORDS.jpg)
ALCARAZ PLAYS DOWN MATCHING RECORDS
He says it is almost impossible’ to win 14 French Open titles or 24 Major crowns
![BOSTON CELEBRATE HOLIDAY SPIRIT](https://reseuro.magzter.com/100x125/articles/24723/1728680/tIU_ttmTo1718061109112/BOSTON-CELEBRATE-HOLIDAY-SPIRIT.jpg)
BOSTON CELEBRATE HOLIDAY SPIRIT
Celtics star Brown credits guard for 2-0 Finals lead after Jrue nets team-high 26 pts
![CLEARING AWAY FROM THE PACK](https://reseuro.magzter.com/100x125/articles/24723/1728680/YQPpic1Ie1718061005025/CLEARING-AWAY-FROM-THE-PACK.jpg)
CLEARING AWAY FROM THE PACK
Purton takes Hong Kong tally to 4 wins after sweet treble, with nine meetings left
![CAMERA-SHY EQUINE CHAMPION](https://reseuro.magzter.com/100x125/articles/24723/1728680/nVdBbH0dS1718060859027/CAMERASHY-EQUINE-CHAMPION.jpg)
CAMERA-SHY EQUINE CHAMPION
Lim’s Saltoro refuses to head into victory circle after win
![Britain's rich race to save their wealth from election hit](https://reseuro.magzter.com/100x125/articles/24723/1728680/ii7nJE9JE1718060724412/BRITAINS-RICH-RACE-TO-SAVE-THEIR-WEALTH-FROM-ELECTION-HIT.jpg)
Britain's rich race to save their wealth from election hit
Some are cashing in investments, paying off bills that may soon rise or leaving entirely
![China's push to clear inventory of unsold homes unlikely to help developers](https://reseuro.magzter.com/100x125/articles/24723/1728680/aK_7HD2v11718060638973/CHINAS-PUSH-TO-CLEAR-INVENTORY-OF-UNSOLD-HOMES-UNLIKELY-TO-HELP-DEVELOPERS.jpg)
China's push to clear inventory of unsold homes unlikely to help developers
They expect few projects to be selected, citing an inadequate lending facility
![Free MRT rides along seven new TEL stations on June 21](https://reseuro.magzter.com/100x125/articles/24723/1728680/CdKD067QN1718060549950/FREE-MRT-RIDES-ALONG-SEVEN-NEW-TEL-STATIONS-ON-JUNE-21.jpg)
Free MRT rides along seven new TEL stations on June 21
Stations from Tanjong Rhu to Bayshore will host games, activities during public preview
![He's turning 70 soon, but his kidney is nearly a century old](https://reseuro.magzter.com/100x125/articles/24723/1728680/YvjRhPVvw1718060454240/HES-TURNING-70-SOON-BUT-HIS-KIDNEY-IS-NEARLY-A-CENTURY-OLD.jpg)
He's turning 70 soon, but his kidney is nearly a century old
He received organ from father in his youth; many face long waiting list for a transplant
Number of armed conflicts in 2023 highest since end of World War II: Study
Spread of ISIS and involvement of more non-state actors among reasons for rise
![Austrian flight lands safely after hailstones rip away nose cone](https://reseuro.magzter.com/100x125/articles/24723/1728680/9dgAjDXRw1718060339769/AUSTRIAN-FLIGHT-LANDS-SAFELY-AFTER-HAILSTONES-RIP-AWAY-NOSE-CONE.jpg)
Austrian flight lands safely after hailstones rip away nose cone
An Austrian Airlines flight landed safely in Vienna after a severe hailstorm tore away much of the plane's nose cone and left the front windows riddled with cracks.