The increase comes after an otherwise tepid year for home sales. Singapore’s government has been trying to cool the real estate market by introducing policies including a sharp hike in stamp duty for foreign buyers.
Singapore home sales rose to the highest level in nearly a year, after developers released more inventory in outlying districts to capitalize on a pickup in demand.
Developers sold 738 new private units in October, according to data released Friday by the Urban Redevelopment Authority. That compares with 401 in September, and is the most since last November.
