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Singapore Home Sales Drop as 'Hungry Ghost' Month Spooks Buyers

  • September total apartment sales lowest since January
  • City’s home prices rose in 3Q for first time in four years
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Photographer: Sanjit Das/Bloomberg

Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers.

Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released Monday. That’s the lowest sales since January. A total of 73 new units were offered, down from 794 in August, the data showed.