SINGAPORE PROPERTY
Singapore new home sales sink 27% in February
The absence of major new launches. Chinese New Year festivities, declining inventory of unsold new homes also dampened sales, say analysts
Add BT as a preferred sourceLisa Kriwangko
Singapore
NEW home sales sank in February in the absence of major new launches. Chinese New Year festivities and the declining inventory of unsold new homes also dampened sales during the month, analysts said.
"Some developers were holding back their new project launches until the current wave of Omicron Covid-19 infections has subsided," said Nicholas Mak, head of research and consultancy at ERA Singapore.
