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Singapore October home sales fall 26pct after surging in September

Posted on 16 November 2012

Singapore home sales fell 26 percent in October from the previous month, when sales jumped to the highest in more than three years. Home sales last month slid to 1,948 units from 2,621 units in September, according to data released by the Urban Redevelopment Authority today. Singapore home prices reached a record high in the third quarter amid low interest rates, raising concerns of a housing bubble.
The property market may get “bubbly” even with slow growth and the government won’t allow prices to outstrip gains in incomes, Finance Minister Tharman Shanmugaratnam has said………………………………………..Full Article: Source

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