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Singapore January Home Sales Have Best Start to Year Since 2014

  • Developers sold 522 new homes, up from 382 a year earlier
  • Residential prices have climbed for two straight quarters
People play tennis in a court surrounded by residential buildings in the Bedok area of Singapore, on Saturday, June 3, 2017. Hunger for Singapore land is adding to signs the city’s housing market is making a comeback after three years of declining prices. With new home sales surging after an easing of property restrictions in March, developers are becoming more aggressive in bidding at land auctions.
Photographer: Sanjit Das/Bloomberg

Singapore home sales posted their best start to a year since 2014, adding to signs of a turnaround in the property market.

Developers sold 522 units in January, up 37 percent from 382 homes a year earlier, according to Urban Redevelopment Authority data released Wednesday.