[SGX] 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, accrding 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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