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Singapore home sales fall

Posted on 18 December 2012

Singapore’s clampdown on home loans is showing some signs of success, as sales of new private homes fell to their lowest level so far this year in November. Regulators in the city-state tightened rules on new home loans in October in a bid to stabilize prices that have been on the march since the global financial crisis, despite repeated government interventions.
Sales of new private residential units fell to 1,087 units in November, down 44% from October, according to data from the Urban Redevelopment Authority. October’s tally was 26% lower than the previous month’s……………………………………..Full Article: Source


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