Singapore Aug private home sales 432 units, down 43 per cent

Singapore Aug private home sales 432 units, down 43 per cent

SINGAPORE - Sales of private homes by developers in Singapore in August totalled 432 units, down 43 per cent from 756 units a year earlier, the Urban Redevelopment Authority said on Monday.

The fall in sales follows the introduction in June 2013 of property cooling measures that restricted levels of borrowing relative to monthly income.

In August 2012 developers sold 1,427 private homes.

Sales last month fell 15 per cent from July, when 509 units were sold.

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