New private home sales plunge 65% on-month in February
Sales of new private homes in Singapore fell sharply in February.
According to data from the Urban Redevelopment Authority, 708 new units were sold during the month, down by almost 65 percent from January.
Including executive condominiums (ECs), just 917 units of new homes changed hands in February, compared to 2,272 units in the previous month.
Analysts say the drop was not surprising as February was a short month and it also included the Lunar New Year which was typically a lull period in terms of new launches and transactions.
The top selling project in February was D'Leedon near Farrer Road which sold 166 units.
Q-bay Residences at Tampines was the next best performer with 74 units sold.
In the EC segment, The Topiary in Sengkang came up top, selling 84 units.
In February, developers sold 341 units of new homes in the suburban areas, 198 units in the core central region and 169 units in the city fringe.
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