Singapore Home Sales Drop to Five-Month Low on Tariff Fears (1)

Singapore’s new private home sales fell to a five-month low in May, as global tariff tensions weighed on demand in the trade-dependent city-state.

Developer sales dropped for a third consecutive month, with just 312 units bought last month, according to data released by the Urban Redevelopment Authority on Monday.

The outlook for the Southeast Asian financial hub has dimmed, following Donald Trump’s push for tariffs and the city-state’s economy contracting in the first quarter. Developers have grown more cautious, launching no major projects for sale in May — a pause that further weighed on sales figures.

A first-quarter survey ...