New private home sales down by 65 per cent
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Crowds thronging the showroom on the first weekend of the launch of CapitaLand’s Moshe Safdie-designed Sky Habitat condominium in Bishan. New private home sales plunged 65 per cent to 708 units in February as the Chinese New Year lull and the effects of a short month took its toll on sales. -- ST FILE PHOTO: SEAH KWANG PENG
New private home sales plunged 65 per cent to 708 units last month as the Chinese New Year lull and the effects of a short month took its toll on sales.
Volumes were sharply down from the 2,016 new homes snapped up by buyers in January as developers also delayed new launches till after the festivities.
But factor in executive condominiums and the number of private homes sold rises to 917.
But sales are expected to pick up again in March as a string of new launches such as Sennett Residence in Potong Pasir, Urban Vista in Tanah Merah and D'nest in Pasir Ris hit the market.
