Property developers, under pressure from a substantial pipeline, pushed out nine new projects last month following a lull in April, but the bulk of last month's sales came from earlier launches, analysts say.
Developers sold 952 units, up nearly 30 per cent from 735 units in April, but down 15 per cent from the 1,122 units booked in May last year. This is according to figures released by the Urban Redevelopment Authority (URA) yesterday.