Market Chatter: Singapore's New Home Sales Rise in March

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Market Chatter: Singapore's New Home Sales Rise in March

MT Newswires04-15

New home sales in Singapore rose in March, backed by new project launches, according to a report by Bloomberg on Wednesday, citing data from the Urban Redevelopment Authority.

In March, 1,300 new private units were sold, compared to 729 a year earlier, the report showed.

The sales were driven by the Pinery Residences and River Modern launches, the report noted.

Meanwhile, private home prices were up 0.3% in the first quarter of the year, the report added.

(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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