Developer sales jumped 28.1% to 724 units in February

On back of higher number of new launches.

According to Colliers International, following the market lull in January 2014, developers launched 671 units (excluding ECs) in February, up by 22.2% month-on-month (MoM). Led by supply, homebuyers took up 724 units, up 28.1% MoM. New home sales exceeded launches, indicating that genuine homebuyers continued to be on the lookout for value buys.

On a year-on-year (YoY) basis, both launched and sales volume improved by 157.1% and 1.7% respectively, due to the more subdued market activity level in February 2013 as a result of the seventh round of market cooling measures and the traditional lull period during Lunar New Year.

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