Friday, March 16, 2012

'Cooling' back in frame as Feb home sales rise

Business Times: Fri, Mar 16
(SINGAPORE) It seems the government's property cooling measures have lost their 'cool factor', as February marked the highest number of units sold by developers in a month since July 2009.

Urban Redevelopment Authority (URA) figures reflected a total of 2,413 private homes - excluding executive condominiums (ECs) - being sold in the month of February.

This is 29 per cent more than in January (the month that Chinese New Year fell this year) and more than double that sold in the same period last year.

If ECs were added to the mix, the spike was even more impressive, with a total of 3,138 units sold in February - up 51 per cent from January's 2,077 units...

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Martin Koh/ Sherry Tang
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