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Singapore Home Sales Drop in May

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Singapore's new private home sales dropped in May, with 447 units sold, according to figures released by the Urban Redevelopment Authority on Monday.

The figure was down sharply from the 1,548 new private homes sold in April, when sales reached a six-month high following the launch of several major residential projects.

Monthly sales of new private homes in Singapore are often influenced by the timing and scale of new project launches.

The Urban Redevelopment Authority's data excludes executive condominiums.

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