March is likely to be the top month for new home sales this year, if last weekend's action is anything to go by. Despite lingering unease over the January cooling measures, developers shifted another 300 units from four recent launches.
DWG senior manager Lee Sze Teck said: "We are expecting close to 2,000 units to be sold this month."
That could make March the sales pacesetter for this year, if it trumps January's 2,016 sales. Last month, only 708 units were moved, mainly because of the Chinese New Year lull. But this month's figures stand at more than 1,700 units across just six projects, and analysts say the momentum is almost certain to slacken going into next month.
"(Sales) will be moderate in April at about 1,500 units due to fewer launches," said Mr Lee.
PropNex Realty chief executive Mohamed Ismail described this month's sales as "a real test" of the cooling measures introduced in January, adding: "I would say that the projects have performed beyond expectations, and the demand is largely driven by genuine home buyers."