Singapore Home Sales Drop on Weaker Demand, Lack of Launches
- Just 301 units were sold in April, less than half of March
- Leadership transition raises questions over housing policy
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Sales of new homes in Singapore fell after a brief surge, in a sign of fragile sentiment in the nation’s once-booming property market.
A total of 301 units were sold by developers in April, down from 718 the month before, according to figures released by the Urban Redevelopment Authority Wednesday. Sales dropped 66% from a year earlier.