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Singapore Home Sales Beat Expectations and Rise to 11-Month High

(Bloomberg) — Singapore home sales surged to an 11-month high in August, buoyed by demand from locals who are betting that prices will rebound as soon as next year.



a view of a city with tall buildings in the background: Housing blocks stand in the Punggol area in Singapore on Monday, April 20, 2020. The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began, as an outbreak among migrant workers living in shared dormitories continued to surge.


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Housing blocks stand in the Punggol area in Singapore on Monday, April 20, 2020. The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began, as an outbreak among migrant workers living in shared dormitories continued to surge.

The number of new units sold rose 16% to 1,256 last month from 1,080 in July, according to Urban Redevelopment Authority data released Tuesday. That’s the most since September last year and up from a near six-year low in April during the height of the lockdown.

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Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month. Singapore forecast its worst recession on record in

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