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Singapore Home Sales Post Slowest Start to the Year Since 2009

Singapore’s home sales slid in January, marking the slowest start to the year since 2009, as developers sold fewer projects after property curbs crimped demand.

Home sales declined 72 percent to 565 units last month compared with 2,028 in the same period a year ago, according to data from the Urban Redevelopment Authority released today. The number of units sold was the lowest in the month of January since 2009, when 108 were sold in that month, the data showed.