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Singapore December retail sales up 2.6% on strong vehicle sales
[SINGAPORE] Retail sales in Singapore rose 2.6 per cent in December compared with the previous year but only because sales of cars and other vehicles jumped 41 per cent in the month, according to figures from the Department of Statistics on Friday.
As in the previous month, the car market has been hot because some owners who bought cars between 2004 and 2008 - when the supply of certificates of entitlement was high - will soon have to deregister them. This means there are now more buyers out looking for replacement vehicles.
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