Market Chatter: Singapore New Home Sales Hit Two-Year Low

MT Newswires

Jul 16

Singapore developers sold 156 new private homes in June, Bloomberg News reported Wednesday, citing data released by the city-state's Urban Redevelopment Authority.

Sales fell from 447 units in May and 272 a year earlier, marking the weakest monthly performance since February 2024, according to the report.

Private home prices reportedly rose 0.5% in the second quarter, slowing from 0.9% in the previous three months, based on preliminary government estimates.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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