SINGAPORE (Sept 17): Private home sales in Singapore tumbled 64% in August to the least in six months as government cooling measures took effect and developers marketed fewer projects in a period considered inauspicious by Chinese home buyers.

Developers in the city-state sold 616 units last month, the Urban Redevelopment Authority said in a statement Monday. That compares with 1,724 units in July and 654 apartments in June, the data show.

“August sales are low but that was to be expected because buyers rushed in to buy ahead of the curbs in July,” said Nicholas Mak, executive director, research and consultancy at SLP International Property Consultants in Singapore. “That, coupled with the Hungry Ghost festival, acted as a double whammy for the month.”

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