Singapore's new private home sales fall 60.5% in February amid fewer launches
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Houses in Woodlands, Singapore. (File photo: Unsplash/Alexa Soh)
15 Mar 2021 02:40PM)
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SINGAPORE: Sales of new private homes fell by about 60.5 per cent in February following January's strong numbers, as developers held back on launches over the Chinese New Year period.
Developers sold 645 units last month compared to 1,632 units in January, excluding executive condominiums, according to data released by the Urban Redevelopment Authority (URA) on Monday (Mar 15).
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Only 167 units were launched last month compared to about 2,600 in January.
The Rest of Central Region (RCR) led new home sales with 325 units sold, followed by the Outside Central Region (OCR) with 262 units and Core Central Region (CCR) with 58 units.