Private home sales fell 33% to 480 units in March

That's excluding executive condos.

According to PropNex, private home sales slowed more than 33% in March after picking up last month, given the cautious mood and overall fewer new launches. Developer sales remain fairly muted in the month of March with a total of 724 units launched and 480 units sold (excluding ECs); and only one new residential project— The Santorini, entered the market last month.

The tight supply situation is a result of developers adopting a deliberate stance to time their launches and possibly adjust their pricing strategy appropriately before putting their product on the market.
Including ECs, developers found buyers for 535 homes, which also reflected a fall of 30% from the previous month’s figure of 769 units.

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