Singapore Home Sales in April More Than Double From Year Ago

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Singapore Home Sales in April More Than Double From Year Ago

by Pooja Thakur Mahrotri
May 15, 2017, 12:44 PM GMT+8

Singapore home sales more than doubled in April from a year earlier as homebuyer sentiment rallied after the government rolled back some property curbs following a three-year slide in prices.

Developers sold 1,555 units in April, compared with 750 units in the same period last year, according to data released Monday by the Urban Redevelopment Authority. A total of 1,616 units were offered, higher than the 1,527 units in March, when Singapore notched the highest monthly home sales in four years.

Developers marketed more apartments last month, buoyed by indications of demand from homebuyers. The largest sales came from Seaside Residences east of the city, which sold 419 units of the 560 put up for sale, and Artra by the Tang Group, which sold all 126 units it placed on the market.

More details in https://www.bloomberg.com/news/articles/...m-year-ago
Specuvestor: Asset - Business - Structure.
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