Chart of the day: 39.2% of private home sales in February cost more than $2m

This is the second-highest since the 50.5% recorded in January. 

Approximately 39.2% of the private homes, excluding condominiums, sold in February exceeded the price of $2m, the latest data from the Urban Redevelopment Authority showed. 

Meanwhile, 25.3% of homes sold in February were priced below $1.5m, whilst 36.5% sold between the $1.5m to $2m price range. 

January saw the highest proportion of private home sales exceeding the price of $2m within the last 6 months, at 50.5%.

No major projects are scheduled for launch in March.