New home sales surged 41.6% to 1,056 units in May

Gem Residences was the top seller.

Developers sold a total of 1,056 private homes in May, a steep jump compared to 748 units in April.

Meanwhile, the number of Executive Condominiums (ECs) sold dropped to 332, compared to 547 units in the previous month.

The best-selling project in May was GEM Residences in Toa Payoh, which sold 312 units during the month.
 

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