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May new home sales surge
Way above strong developer sales in April. -ST
By Joyce Teo IMPROVED market sentiment sent sales of new private homes surging to 1,668 units in May. This is way above already-strong developer sales levels of 1,214 units in April and 1,220 units in March. Last month, developers launched 1,161 new homes, up from 1,085 in April, according to data released by the Urban Redevelopment Authority on Monday.
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