World Economy

Singapore Home Sales Climb 57%

Singapore Home Sales Climb 57%Singapore Home Sales Climb 57%

Singapore home sales in March rose 57% from a month earlier as more new projects were offered, Bloomberg reported. Developers sold 613 units last month compared with a revised 390 units in February, according to data released Wednesday by the Urban Redevelopment Authority. That’s the most in five months, the data showed. Home sales dropped to a six-year low in 2014 as property policies hurt demand. They fell by half to 7,316 units last year from 2013, the lowest since 2008, according to data from the authority. Among companies that put up developments for sale in March was Kingsford Development Pte, which sold 155 of 314 units across the city.