Urban Redevelopment Authority

Property experts expect the sites to attract  3 to 10 bidders.

The most prominent reason given was the cooling measures since December 2021.

The landed housing segment also experienced a similar surge.

This is the highest sales since January 2021.

A total of 811 condos were sold in the last quarter, the highest since Q4 2010.

Retail space prices fall by 2.8% in the second quarter, continuing a trend seen since the third quarter of last year.

Developers sold 891 new private homes in May, lower than the 1,268 sold in April.