Singapore Home Sales Drop; Developer Shares Fall on War Fears

Singapore home sales fell in February as the Lunar New Year holiday kept buyers and developers on the sidelines during one of the property market’s traditionally quieter months.

Developers sold 246 new private units in February, according to figures released Monday by the Urban Redevelopment Authority. That compares with 1,597 units sold in the same month last year, when the holiday period started in January and two major project launches drove transactions.