Sales of new property surges downward in Singapore, latest monthly figures show

PropertyWire, 26 Jul 2010
Sales of new residential real estate in Singapore plunged in June and reached its smallest level since the start of the year, the latest figures show.
Sales were down 22% from May and 62% below April. It is the first dent in an exceptionally strong first half for the country’s real estate market.
Sales had started slowing in May as the Euro debt crisis and high prices made buyers think twice, according to analysts, but they expect sales to pick up again in July. Full Story