Singapore April Home Sales Jump to Highest Since November

Developers sold 729 units last month, up from 716 in March
Property market shows signs of recovery after four-year slump

Residential blocks stand in Queenstown estate in Singapore, on Monday, Jan 15, 2018. Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013.Photographer: Ore Huiying/Bloomberg

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By Klaus Wille

May 15, 2018 at 4:51 AM UTC

This article is for subscribers only.

Singapore home sales jumped to the highest in five months in April, underscoring signs the city-state’s property market is recovering.

Developers sold 729 units last month, the Urban Redevelopment Authority said Tuesday. That’s more than the 716 units in March and the highest since November. Still, sales are running at a slower pace than early last year.