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Singapore’s private home sales drop to lowest in two years on new taxes

Posted on 17 January 2012

Singapore’s December private home sales dropped to the lowest in two years after the government imposed new taxes on house purchases.
Private home sales in the island city fell to 632 units in December, the lowest since December 2009, according to data from the Urban Redevelopment Authority. Total sales for the year declined 24 percent to 12,656 units from a year, the data showed………………………………………..Full Article: Source


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