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Singapore Home Sales Rise to Highest in 8 Months on New Projects

  • Developers sold 843 units in March, up 38% from a year ago
  • CapitaLand, NorthernOne projects boosted sales last month
Private residential buildings, foreground, stand in the Orchard Road area of Singapore, on Tuesday, Nov. 17, 2015. Singapore landlords are loading up on bonds masked as equity to get around new rules curbing their debt amid a property slump.
Photographer: Sam Kang Li/Bloomberg

Singapore developers sold the highest number of homes in eight months, helped by the successful marketing of two new projects.

Developers sold 843 units in March, more than double the revised 303 units in February, and 38 percent higher from a year ago, according to data released Friday by the Urban Redevelopment Authority.