Sales of new private homes surpassed the number of units launched in February 2014, a sign that developers are pushing back new launches while focusing more on selling existing developments.
Based on URA data, developer sales increased by about 28 percent to 724 units in February. Including executive condominiums (ECs), 769 units were taken up last month compared to the 610 previously. In total, 671 homes were launched in February from 549 in January.