SINGAPORE (Dec 15): Singapore’s home sales rose in November, extending gains for a year that is already the best since 2013, as developers marketed more projects.

Developers sold 785 units last month, up from a revised 760 in October, according to Urban Redevelopment Authority data released Friday. They also launched more units, 450 versus 242, the data showed.

Singapore’s property market is turning around, with home prices climbing again after a record run of declines and developers aggressively bidding for land. Still, the country’s central bank last month flagged the risk that rising vacancies amid slowing population growth may undermine a residential property recovery.

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