1,196 new private homes sold in February: URA

Private home sales kept up their momentum in February, with 1,196 units changing hands.

This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures.

But February’s figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units.

Data released by the Urban Redevelopment Authority (URA) showed that new private homes in the city continue to be popular. The segment accounted for 521 units of the total sales.

Among them, the Altez project in Enggor Street recorded the strongest sales for February at 150 units.

Meanwhile, suburban homes also did well. 563 units were sold last month, with The Estuary at Yishun Avenue 1 accounting for 386 units.

Source : Channel NewsAsia – 15 Mar 2010