Private Home Sales Drop Sharply To 246 Units In February

Lunar New Year Lull And Fewer Launches Affect Property Market

Singapore’s private home sales dropped significantly to just 246 units in February, marking a sharp decline compared to the same period last year. The slowdown comes amid seasonal factors and reduced market activity during the festive period.

The drop in sales was largely attributed to the Lunar New Year holiday, which typically slows down property transactions as both developers and buyers take a pause.

Private Home Sales Drop

Analysts noted that fewer new project launches during the month also contributed to the weaker performance, as supply plays a key role in driving sales figures.

Despite the decline, property experts believe demand remains intact, with market activity expected to rebound in the coming months as more launches enter the market.

Singapore’s private home sales fell sharply to 246 units in February due to seasonal slowdown and fewer launches.

SG Business News