Singapore’s home sales rose in May to their highest in almost a year as developers marketed new projects amid declining prices, a government report showed.

Home sales rose to 1,470 units last month from 749 units in April, according to data from the Urban Redevelopment Authority. They were at the highest since June 2013 and increased 0.8% from the same month a year ago, the data showed.

Sales picked up in Asia’s second-most expensive housing market last month as developers resold projects at discounted prices to lure new buyers.

The market had previously slowed down due to new loan restrictions where home loans should not lead to a borrower’s total debt-servicing ratio rising above 60%.