Singapore home sales reach lowest in 20 years in first half

(Bloomberg) — Singapore’s new-home sales barely rose in June, capping the weakest first half in at least two decades as sentiment wanes in the once-booming market.

Developers sold 228 units last month, up from 221 in May, figures from the Urban Redevelopment Authority showed on Monday. That means fewer than 2,000 units were sold in the first six months of 2024, the least in available data going back to 2004, according to preliminary calculations by Bloomberg.

Initial home sales figures for the second quarter may be revised in finalised data released later this month.