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Home Latest News

Singapore’s home sales rise

byCT Report
18/10/2016
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SINGAPORE: Home sales in Singapore rose last month as developers marketed more projects after a lull in sales in August, caused by Ghost Month. Developers sold 509 units last month, compared with a revised 468 units in August, according to data released yesterday by the Urban Redevelopment Authority. The government has been steadfast in its commitment to cool the housing market, maintaining real-estate curbs since 2009 even as home prices dropped for a 12th quarter. An index tracking private residential prices fell 1.5 percent in the three months ended Sept. 30 from the previous quarter, the most in more than seven years, preliminary data from the Urban Redevelopment Authority on Oct. 3 showed, Residential values are down 11 percent from their peak in September 2013.

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