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Singapore: New home sales surge in Feb, mass market projects lead the way

Posted on 16 March 2012

Unfazed by the uncertain economic outlook and the hefty additional buyer stamp duties (ABSD) imposed since December, buyers turned out in force to snap up new private homes last month, as sales momentum continued to surge after rising sharply in January.
A total of 2,413 new private homes were sold in February, up almost 29 per cent from the previous month, and the highest number since July 2009, the Urban Redevelopment Authority said yesterday. Including Executive Condominiums, a total of 3,138 new homes were sold last month, up 51 per cent from January………………………………………..Full Article: Source


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