Home News Property

Singapore apartment sales dip 4.8% in August

Bloomberg
Bloomberg9/16/2019 02:00 PM GMT+08  • 2 min read
Singapore apartment sales dip 4.8% in August
(Sept 16): Private home sales in Singapore slipped 4.8% in August even as developers launched more units than the previous month.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(Sept 16): Private home sales in Singapore slipped 4.8% in August even as developers launched more units than the previous month.

Developers in the city-state sold 1,122 apartments last month versus 1,179 in July, according to data from the Urban Redevelopment Authority released Monday. July’s level was the highest since November as a broader economic slowdown spurred investors to park their money in a property market known as a safe haven.

Colliers International Group Inc. had said last month that sales would probably dip in August before picking up in September and October as new projects come to market. Colliers expects private home prices will rise just 1% this year given Singapore’s economic growth forecast of 0% to 1%.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.