Singapore property at a turning point?

1. What was the most significant development this week?

Property markets don't turn around in a week. But data that comes out in early July often yields some insights into what happened during the first half of the year. Especially interesting are some of the most recent numbers which suggest that, after more than three years in the doldrums, Singapore's residential property market might just be on the verge of turning.

First, there is evidence of a revival of buyer interest. Latest data from the Urban Redevelopment Authority (URA) and research by PropNex shows that residential units sold in the first half of 2017 (including executive condos) jumped to 8,641, up 52 per cent from the 5,683 sold in the same period of 2016.