Singapore Property Boom Heats Up Again With Near Sellout Project

A private home project in Singapore saw a near sellout in its first weekend of sales, underscoring the city-state’s persistently hot residential market despite multiple rounds of government cooling measures.

The Skye at Holland, a development in one of the nation’s top expatriate enclaves, sold about 658, or nearly 99%, of its 666 units, according to a statement from the developers. They sold at an average S$2,953 ($2,277) per square foot.