Market turmoil, ghosts scare Singapore home buyers

Reuters, 15 Sep 2008, Daryl Loo

SINGAPORE, Sept 15 (Reuters) - Private home sales in Singapore slumped 81 percent in August from a year ago, to the lowest level since March as a combination of global financial turmoil and a traditionally unlucky month spooked buyers.

Sales of new residential projects, comprising both houses and apartments, fell to 320 units from 1,723 units sold in August last year, and sales were also down 64 percent from the 901 units taken up in July 2008, government data showed on Monday.

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