According to property consultant DTZ, market activity has slowed in May and June due to a combination of European debt woes, local stock market jitters and increased land supply.
New private home sales fell by 8 percent to 4,033 units in the second quarter, as developers slowed the pace of launches because of the subdued sentiment. Full story
Related:
Sentiment cools in Singapore’s residential market - Property-report.com
Private home sales boom in Singapore - The Move Channel
General economic gloominess leading to a cooling of parts of the Singapore property market - PropertyWire
Several Factors Contributing To Slowing Pace Of Singapore Real Estate - NuWire Investor