Singapore Home Sales Jump Fivefold to Highest Level This Year
- Purchases of new private apartments surged to 1,412 in July
- Buyers shrugged off rising interest rates, cooling measures
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Singapore’s home sales rebounded last month to the highest level in more than a year, as buyers brushed aside rising interest rates and the government’s latest cooling measures.
Purchases of new private apartments jumped fivefold to 1,412 units in July from 278 the previous month, figures from the Urban Redevelopment Authority showed Tuesday. That’s the most since November 2021, when more than 1,500 homes were sold after the city-state eased Covid restrictions.