Govt's measures fail to cool residential property market

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SINGAPORE -(Dow Jones)- The number of new private homes sold in Singapore rose 3.9% in April from the previous month, with transactions exceeding 2,300 units for an unprecedented third straight month, amid resilient demand in the city- state's property market.
A total of 2,487 new private residential units were sold in April, up from 2,393 units in March, according to data published Tuesday on the Urban Redevelopment Authority's website. In February, the URA recorded sales of 2,417 new units. Full story