Economics
Singapore Home Sales Exceed Two-Year High as Curbs May Loom
- New private apartment sales have rebounded from the pandemic
- Buyers are rushing in amid speculation for cooling measures
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Singapore home sales rose to the highest in more than two years in January, with buyers rushing in amid speculation that the government may take steps to cool the market.
Sales of new private apartments soared to 1,609 last month from 1,217 in December, Urban Redevelopment Authority data showed Monday. That’s the most since July 2018 when 1,724 units were sold and the most recent cooling measures were imposed.