Singapore private home sales up in February, but EC deals slide

SINGAPORE: Sales of private homes last month rose from the previous month as developers scaled back new launches.

Excluding executive condominiums (ECs), developers sold 382 new units in February, up from the 374 units sold the previous month, data from the Urban Redevelopment Authority showed on Monday (Mar 16). Including ECs, 447 new units were sold last month, down from 558 units the previous month.

The rise in sales came as developers scaled back on new launches, with 357 units launched February, down from the 415 units launched in January.