SINGAPORE, Aug 14 : Singapore home sales rebounded last month to the second-highest level this year, as buyers brushed aside interest-rate and global slowdown concerns. Purchases of new private apartments grew to 834 in July, Urban Redevelopment Authority figures showed Monday. It's a 71% jump from the 488 units sold in June. The city-state's property sector has been bolstered by an influx of wealth, especially from China. Its low taxes, relative safety and an expedited pathway to permanent residency for the super-rich have bolstered Singapore's status as a financial center.
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