Real Estate
Singapore Home Sales Hit Six-Month Low on Limited Supply, Curbs
- Few projects were launched during the summer holiday season
- Analysts expect sustained demand, more supply in coming months
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Singapore’s home sales slumped last month to the lowest since December as a lack of sizable launches and the government’s latest cooling measures kept potential buyers at bay.
Purchases of new private apartments fell to 278 units in June, from 1,038 the previous month, Urban Redevelopment Authority figures showed Monday. That’s the lowest since December 2022, when 170 homes were sold after tight supply curbed demand.