Singapore Homebuying Frenzy Hits Lull in Absence of New Projects

Singapore’s new private home sales slowed sharply in November with a lack of major projects released, a month after a surge in buying reignited concerns that the government may take fresh steps to cool the market.

Developers sold about 325 new homes last month, Urban Redevelopment Authority figures showed Monday. It’s a large drop-off from October, when more than 2,400 units were snapped up.