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Singapore’s home sales rose 5.4 percent in May as developers marketed new projects, according to the Urban Redevelopment Authority.
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Singapore’s April home sales dropped 51 percent from a record in March as developers marketed fewer projects as residential prices posted the smallest gain in three quarters.
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Tycoon Cheng Wai Keung’s plan to sell Singapore’s most expensive private property faces the dual challenge of additional government taxes designed to cool the market and restrictions limiting the sale to locals.
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Singapore’s March home sales rose to a record as more developers started marketing new residential projects, raising concerns the government will introduce more cooling measures to tame property prices.
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Singapore home prices climbed to a record in the fourth quarter after developers sold more homes, a government report showed.
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Singapore’s private home sales fell 25 percent in June, the most in six months, following the government’s efforts this year to curb gains in housing prices. The property index dropped to a three-week low.
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Singapore home prices climbed at the slowest pace in three quarters after the government imposed more curbs such as higher stamp duties for housing transactions, a government report showed.
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Singapore’s home sales plunged 65 percent to a 14-month low in February after the government introduced its seventh round of cooling measures to cool record home prices.
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Singapore home prices rebounded to a record in the second quarter after developers sold more homes, a government report showed.
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Currency strategists are abandoning their forecasts for a record-setting rally in the Singapore dollar as government measures to rein in property prices reduce pressure on the central bank to cool inflation.
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