Sales of new private homes jumped by more than four times in March, compared to February.
Latest figures released by the Urban Redevelopment Authority (URA) showed that developers sold 2,793 new units (excluding executive condominiums) in March.
This is in sharp contrast to the 712 new private homes moved by private developers in February.
The government announced its latest round of cooling measures in January this year in a bid to cool the Singapore’s property market.
Meanwhile, URA data showed that 1,814 units of new private homes located in the suburbs were sold in March, while developers moved 822 units in the fringes.
But the number of new private homes sold in the city dipped slightly to 157 units.
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