February's private home sales up over 57% month-on-month: URA

In February, 933 units were introduced, 601 in the Central Region of Europe, 115 in the Rest of the Central Region,and 217 outside the Central Region. By contrast, in January 598 units were launched for sale, and a year ago in February 596 units were released. Meanwhile, in February of last year, the number of units sold was 455, or less than half of the 975 private homes moved in February this year.Including ECs, developers last month shipped 1,314 units, more than double the 640 units from January, and almost tripled the 457 units sold in February a year ago. The figures released by the Urban Redevelopment Authority (URA) based on its survey of licensed housing developers-exclude executive condominium (ECs) units which are a hybrid for public-private housing.

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