New private home sales dwindle to 246 units in February during Chinese New Year lull

New private home sales dwindle to 246 units in February during Chinese New Year lull

Among the three market segments, the rest of central region led in condo and private apartment sales in February. Read more at straitstimes.com.

February developer sales moderate by 84.6% y-o-y; units launched lowest since 2007

After rebounding in January, new private home sales fell in February amid a lack of new launches. Developers sold 246 new homes — excluding executive condos (ECs) — last month, down 47.2% m-o-m, according to data published by URA on Feb 16.  The latest sales figure also represents an 84.6% decrease from the same period last year, when 1,575 units were sold. Industry watchers agree that the absence of launch activity last month contributed to the…