New private home sales rebound after year-end holidays; strongest January showing in 7 years | Video

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New private home sales rebound after year-end holidays; strongest January showing in 7 years | Video

(Updated: )

Sales of new private homes rebounded last month, marking the strongest January showing in seven years.

Developers sold 618 homes - excluding executive condominiums - last month, 14.9 per cent higher than the 538 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Feb 17).

Cheryl Lin with more.

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