Singapore New Home Sales Post Worst Start to Year Since 2009

  • Developers sold 322 units in January, down 16% from December
  • Annual sales of 7,440 units at half of level recorded in 2013

Singapore home prices dropped for a ninth quarter, posting the longest losing streak in 17 years, as tighter mortgage curbs cooled demand.

Photographer: Sam Kang Li/Bloomberg

Singapore home sales posted their worst start to the year since 2009, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.

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