Singapore Home Sales Drop as ‘Hungry Ghost’ Month Spooks Buyers

Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by

Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released Monday. That’s the lowest sales since January. A total of 73 new units were offered, down from 794 in August, the data showed.

The seventh month of the lunar calendar year, known as the Hungry Ghost Month, is a time homebuyers avoid property purchases. This year, that period lasted for the latter part of August and most of September.