Jump in private home sales in February

Demand for new private homes in Singapore continued to increase in February, after rising sharply in January.

The Urban Redevelopment Authority says excluding executive condominiums, 2,413 new private homes were sold in February, up by about 29 percent from the previous month.

In January, 1,872 new units changed hands - almost three times more than December's sales.

For February, the best selling projects are mostly located in the suburban areas.

The top seller was Parc Rosewood with 380 units sold.

Guillemard Edge which is located in the city fringe also performed well with sales of 275 units.

Meanwhile, home buyers also snapped up executive condominiums (EC) units.

257 units of ECs have been sold at Twin Waterfalls, 187 units at The Tampines Trilliant and 186 units at The Rainforest.

Including ECs, a total of 3,138 units have been sold last month, up by 51 percent compared to January's 2,077 units.