Singapore Home Sales Jump to 4-Month High

  • Developers sold 716 units, up from revised 384 in February
  • Property market shows signs of recovery after 4-year slump
Hari Krishnan, CEO at PropertyGuru Group, discusses the property markets in Asia.(Source: Bloomberg)
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Singapore home sales jumped to the highest in four months in March amid signs the property market is recovering.

Developers sold 716 units, the Urban Redevelopment Authority said Monday. That’s more than a revised 384 units in February and the highest since November. Still, sales are running at a slower pace than early last year.