Pursuits
Singapore February Home Sales Drop 48 Percent on Curbs
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Singapore home sales in February slumped 48 percent from a year ago as lending curbs stemmed purchases.
Developers sold 382 units last month compared to 739 units in the same period a year earlier, according to data released Monday by the Urban Redevelopment Authority. Singapore’s annual home sales dropped to a six-year low in 2014 as property policies hurt demand. Sales fell by half to 7,316 units last year from 2013, the lowest since 2008, according to data from the authority.