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Singapore Real Estate Rebounds in February

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The property market in Singapore had a significant improvement in February compared to January, according to the most recent report from the Urban Redevelopment Authority (URA). The sales figures for both December and January were anemic, with only 108 and 131 units sold in these months, respectively. In contrast, February saw a total of 1,323 new homes sold.

Real Estate firm CB Richard Ellis indicates that the top projects for sales in February were the Caspian, which sold 517 units, Alexis, with 293 sales, and The Quartz, with another 168 units sold.

Li Hiaw Ho, CBRE Research Executive Director, says “Their main selling points were attractive pricing and proximity to MRT stations. Caspian also benefited from the government’s imminent plans to develop business and recreational facilities in Jurong East while The Quartz is almost ready for occupation as it is expected to receive its temporary occupation permit in April.”

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