Singapore home sales jump to 4-month high amid signs of recovery

SINGAPORE (Apr 16): Singapore home sales jumped to the highest in four months in March amid signs the property market is recovering.

Developers sold 716 units, the Urban Redevelopment Authority said Monday. That’s more than a revised 384 units in February and the highest since November. Still, sales are running at a slower pace than early last year.

The city-state’s housing market is showing signs of recovering from a four-year slump even as officials watch cautiously after previous bouts of overheating. Property prices climbed 3.1% in the first quarter, the biggest gain in almost eight years.

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