Singapore apartment sales soared 19 percent year over year.
Developers in Singapore sold 1,270 units last September, up from 1,123 in August. This is the highest volume of
Singapore apartment sales since July 2018, when the government imposed restrictions to cool the hot market.
Such
apartment sales are due to a large number of offers from developers. There is an oversupply in Singapore with 24,000 vacant residential units and 44,000 more under construction< br>
In the second quarter of last year, prices for
apartments in Singapore rose by 1.5 percent. For the third quarter
apartments in Singapore rose by 0.9 percent. According to experts' forecasts, price growth will continue, but at a level below 1 percent.
