15 Mar '16, 5am

February was a slow month, specifically for Singapore's private property market. Read more at

February was a slow month, specifically for Singapore's private property market. Read more at

In February, 301 private residential units were sold (excluding ECs) by developers, a 6.5 per cent decrease from the 322 units sold in January. There were no major launches in the month – which led to the muted sales volume. Analysing the figures, Mr Ismail Gafoor, PropNex Realty CEO said, “The lacklustre transaction level is evident that buyers have remained price sensitive and purchase motivations are largely project driven. Taking into consideration of the current sentiments and continuation of the property measures, we are likely to see the transaction volume of new homes in first quarter 2016 to be around 10 to 15 per cent lower compared to the same period last year. In terms of units, sale volume could potentially range between just 1,000 and 1,200 units in total - which is the lowest in the past 3 years. Mass market homes most popular Properties in the Outside Centr...

Full article: http://www.propnex.com/propertyupdate/291

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