Singapore Home Sales Fall to 15-Year Low as Market Cools
- December transactions also declined from the previous month
- Housing curbs, slowing economy and high prices weigh on sales
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Singapore new private home sales fell in 2023 to the lowest in 15 years, as housing curbs and weakening economic conditions began to weigh on the market.
Just 6,671 units were sold by developers last year, figures released by the Urban Redevelopment Authority showed Monday. December sales dropped to 135, less than a fifth of what was sold a month earlier.