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by OrangeTee & Tie Pte Ltd.

Feb new home sales plunge 60% on lack of new launches

Monthly Developers' Sales

Monthly Developers' Sales


Singapore, 12 Mar 2021

New homes sales by developers plunged 60 per cent to 639 units in Feb from 1,609 in Jan in the absence of new project launches and CY holidays. This contrasted sharply in Jan, where just one new project, the 1,862-unit Normanton Park – moved 625 units. What is interesting is that amid the slower activity, some well-heeled buyers are showing a preference for city-fringe locations, in particular, the Katong area which was where the old rich used to have their villas and mansions.

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