Singapore Home Sales Rise To Year Highs

The number of private homes sold by developers in Singapore in May was the highest monthly figure in almost a year, government data showed on Monday.

Developers sold 1,470 units last month, a 0.8 percent rise compared to 1,459 units in May 2013, data compiled by the Urban Redevelopment Authority showed.

The level of sales was nearly double April’s figure of 749 and was the highest since June 2013 when 1,806 units were sold.

Singapore has taken steps to cool the housing market, and property prices have fallen for the past two quarters.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza