Pursuits
Singapore Developers Post Lowest New Home Sales in 14 Months
- Builders sold 301 units in February, down 7% from prior month
- Demand for Singapore housing has cooled amid property curbs
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Singapore developers sold the lowest number of new homes in 14 months, as mortgage curbs cooled demand in Asia’s second-most expensive housing market.
Developers sold 301 units in February, down 7 percent from the revised 323 units in January, according to data released Tuesday by the Urban Redevelopment Authority. While annual sales rose just under 2 percent to 7,440 units in 2015, it’s still half the clip recorded in 2013.