Singapore Home Sales Drop to Lowest Since 2009 on Toughest Curbs
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Singapore’s home sales plunged 82 percent in December from a year ago, ending the year at the lowest since 2009, as the government implemented its toughest measures to curb record prices.
Home sales slid to 259 units last month compared with 1,410 in December 2012, according to data from the Urban Redevelopment Authority released today. The monthly figure was the lowest since January 2009, the data showed. Annual sales dropped 33 percent to 15,301 units, a four-year low.