May 15, 2018 / 4:45 AM / 2 months ago

Singapore April private home sales drop 53 pct y/y

SINGAPORE, May 15 (Reuters) - Sales of private homes by developers in Singapore fell about 53 percent in April from a year ago, government data showed on Tuesday.

Data compiled by the Urban Redevelopment Authority showed developers sold 729 units last month, compared with 1,567 units in the same month a year earlier.

The level of sales rose slightly from 716 units sold in March.

Reporting by Aradhana Aravindan; Editing by Sunil Nair

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