Singapore Home Sales Slump 72% to Seven-Month Low on Weak Demand
- Purchases of new private apartments dropped to 394 in August
- Few projects were launched during lunar seventh month
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Singapore’s home sales fell last month to the lowest since January as demand slowed amid a lack of big launches.
Purchases of new private apartments dropped to 394 units in August, figures from the Urban Redevelopment Authority showed Friday. That’s down 72% from the previous month, when transactions climbed to a more than one-year high of 1,412 on the back of several major launches.