Singapore Home Sales Near One-Year High on Renewed Frenzy

Singapore home sales rebounded to the highest level in almost a year after a recent rush of buying, renewing concerns about over-exuberance in the market.

Developers sold 2,424 private units in October, according to figures released by the city’s Urban Redevelopment Authority Monday. That’s the most since November last year, when a similar frenzy led to 2,560 homes being sold.