The pause had been widely anticipated, due to its overlap with the seventh month of the Chinese Lunar calendar. Property firms tend to hold back on project releases during the period to avoid turning off buyers who see it as an inauspicious time to purchase homes.
Singapore’s new private home sales fell in September as developers held back on major project releases during a traditionally quiet period.
Developers sold about 255 units in the month, according to data released Wednesday by the city’s Urban Redevelopment Authority. While that’s the lowest figure this year, it comes on the heels of a blowout in August.
