Singapore Home Sales Surge as Developers Market New Projects
- Luxury apartment sales register significant jump in March
- S$28 million unit sets highest price per square foot since ‘13
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Private-home sales in Singapore soared in March as developers marketed more projects after a typically slower February that included the Chinese Lunar New Year holiday.
Developers sold 1,054 units last month, more than double the 455 in February, the Urban Redevelopment Authority said in a statement Monday. Residential home prices decreased for a second straight quarter in the three months ended March 31 after the government added cooling measures in July, helping to buoy demand.