Private new home sales rebounded in July as the launch of AMO Residence in Ang Mo Kio helped to lift sales during the month. Developers sold 834 new private homes (ex. Executive Condos) in July, of which 366 units (or 44%) were transacted at AMO Residence. July’s sales were about 71% higher than the 488 units sold in June, while on a year-on-year basis, new home sales were down by 48% from the high base of 1,602 in July 2021.

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