/ Property news / New launches dominate Singapore development sales for February amidst growing market uncertainty

New launches dominate Singapore development sales for February amidst growing market uncertainty

Fresh property news selection on March 23. 2020, Monday.

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Singapore apartment buyers have braved social distancing to queue for units at project launches in February, driving up new home sales for the month.

Data released by the Urban Redevelopment Authority on Monday (16 March) showed that 975 new private homes (excluding Executive Condos) were sold in February, up by 57.3 per cent from the 620 units that were shifted in January 2020.

On a year-on-year basis, developers’ sales more than doubled from the 455 units (excl. ECs) transacted in February 2019.

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