Sales of private homes shot up by over 11 times in February, with 1,323 deals done compared to the previous month.
In January, developers sold a record low of just 108 private residential properties. Latest monthly figures released by the Urban Redevelopment Authority (URA) showed that the increase was largely driven by strong sales from properties like The Caspian, The Alexis and The Quartz.
In all, 978 units changed hands in the three developments which are located in the suburban areas of Alexandra Road, Boon Lay Way and Buangkok Drive.
Developers also placed more units for sale in February, fuelling the spike in demand. They launched 1,069 units, compared to just 204 units in January. - CNA/so
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