Singapore’s home sales rose in November, extending gains for a year that is already the best since 2013, as developers marketed more projects.
Developers sold 785 units in November, up from a revised 760 in October, according to Urban Redevelopment Authority data.
Singapore’s property market is turning around, with home prices climbing again after a record
run of declines and developers aggressively bidding for land. Still, the country’s central bank flagged
the risk that rising vacancies amid slowing population growth may undermine a residential property recovery. Overall, Singapore developers have sold about 10,245 units this year through November.