15 Mar '13, 5am

Singapore February Home Sales Drop 65% After Government Measures - Bloomberg

Singapore February Home Sales Drop 65% After Government Measures - Bloomberg

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. Home sales dropped to 708 units in February from a revised 2,016 units in January, according to data released by the Urban Redevelopment Authority today. That’s the smallest number of residences sold since December 2011, when sales declined to a two-year low of 632 units. Singapore home prices reached a record in the fourth quarter amid low interest rates , raising concerns of a housing bubble and prompting the government to widen a four-year campaign to curb speculation prices in Asia ’s second-most expensive housing market. Knight Frank Pte cut its estimates for new home sales for 2013 by 20 percent and expects annual sales to range between 12,000 and 14,000 units. “The government’s measures are startin...

Full article: http://www.bloomberg.com/news/2013-03-15/singapore-februa...

Tweets

February new private home sales take a nosedive...

propertyguru.com.sg 15 Mar '13, 7am

February saw a 65% dip M-on-M in the number of private home sales to just 708 units (excluding ECs). This figure was not s...

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CONDOsingapore.com - Singapore Condo Property Forum | Discussion | Reviews | Pictures | New Launches | Construction Updates

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February #home sales plunge 65% after #coolingmeasures #property #sgproperty #sghouse #singapore

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