Sales of new private homes in Singapore dropped by 27% in August from the month prior as a lack of new property launches and seasonal factors helped to reverse July's sharp recovery in sales volumes.
A total of 1,421 new private-residential units were sold in August--the second lowest monthly tally so far this year--compared with a revised 1,946 units in July, data published Monday on the website of the Urban Redevelopment Authority showed. In July, home sales had surged 42% after two months of decline. Full story
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