Khaw Boon Wan's knee-jerk cooling measures proved to be impotent as private homes sales surged 54.3 percent in August

Xinhua, 16 Sep 2013
Sept. 16 (Xinhua) -- Sales of new private homes in Singapore surged by 54.3 percent after the sharp decline seen in July, the city-state's Urban Redevelopment Authority said on Monday.
In August, there are totally 742 units of new private homes sold, rising sharply compared with the figure of 481 units in July. However, the August sales figure was still just over half the 1, 427 residences sold over the same period last year.
If executive condominiums (ECs), a public-private housing hybrid, are included, there were 1,468 units of homes sold in August, up from 593 units in the previous month. Full story
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