Singapore No Home For Luxury Developers As Cooling Measures Bite

wochit business
April 17, 2014 AT 12:50 PM
Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite. Sales of private homes, which account for just under one-fifth of the total property market, fell to their lowest in more than four years in January to March, official data showed this week.