Singapore's February Home Sales Triple From Year Ago on Demand

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Singapore's February Home Sales Triple From Year Ago on Demand

by Pooja Thakur Mahrotri
March 15, 2017, 12:50 PM GMT+8

Singapore home sales in February more than tripled from a year earlier as developers marketed new projects to meet pent-up demand.

Developers sold 977 units last month, compared with a 382 revised units in January, according to data released Wednesday by the Urban Redevelopment Authority. The sales surged from 303 units in the year-earlier period and were the highest February sales since 2012, the data showed.

Developers offered 550 units last month, compared with 108 units in January, the data show. The largest sales came from The Clement Canopy by United Venture Development (Clementi) Pte, which sold 207 of the 250 units marketed. Parc Riviera by El Development (West Coast) Pte sold all 200 of the units it released last month.

More details in https://www.bloomberg.com/news/articles/...-on-demand
Specuvestor: Asset - Business - Structure.
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