Singapore new private home sales fall 22.5% in February

DEVELOPERS in Singapore sold 527 new private homes in February, down 22.5 per cent from January’s 680 units, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Mar 15).

Including executive condominiums (ECs), which are a public-private housing hybrid, last month saw 559 units moved, down 23.6 per cent from January.

Tuesday’s data was higher than consultants’ estimated 490 units published by The Business Times on[DAY/DATE][TREND][MONTH] Mar 9.

Last month, most of the sales excluding ECs were in the Rest of Central Region (RCR) (226 units), followed by the Outside of Central Region (OCR) (160 units) and Core Central Region (CCR) (101 units).

Source: https://www.businesstimes.com.sg/real-estate/singapore-new-private-home-sales-fall-225-in-february