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Singapore Curbs to Slash Home Sales in 2013: Southeast Asia

Singapore home sales may fall as much as 27 percent in 2013 after climbing to a record this year as six rounds of housing curbs by the government crimps demand, according to Jones Lang LaSalle Inc.

Private home sales next year may drop to 16,000 units from 22,000 units this year, said David Neubronner, the head of the property brokerage’s Singapore residential business. The island state introduced measures including higher down-payments for second home purchases and new taxes for foreign buyers since the start of 2010, he said.