Real Estate
Singapore Home Sales Reach 11-Month High as Demand Returns
The bulk of purchases made in October were for suburban projects, including one in the north near Singapore’s border with Malaysia. About 84% of its 348 units sold on the launch day.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Singapore home sales rose to the highest level in nearly a year, after developers released more inventory in outlying districts to capitalize on a pickup in demand.
Developers sold 738 new private units in October, according to data released Friday by the Urban Redevelopment Authority. That compares with 401 in September, and is the most since last November.