SINGAPORE PROPERTY ·
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New private home sales plunge 60.5% in February

Singapore

DEVELOPERS in Singapore sold 645 new private homes in February, down 60.5 per cent over January's 1,632 units amid a paucity of new launches.

While overall sales volume fell, wealthy buyers continued their buying spree, with more picking up homes costing over S$3 million.

February marked the lowest monthly sales since May 2020's 487, and down 33.9 per cent from 976 achieved in February 2020.

The figures - released by the Urban Redevelopment Authority (URA) on Monday - exclude EC units, which are a public-private housing hybrid.

Including the 111 ECs sold, developers moved 756 new homes in February, down 64.4 per cent from January and 42.5 per cent lower from a year ago.

Developers launched...

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