Amid the absence of major project launches and the Lunar New Year festive period, new home sales continued to rise across many previously launched projects last month, a reflection of resilient home buying sentiment. According to the developers’ sales survey by the Urban Redevelopment Authority for February, new home sales rose 4.4 per cent month-on-month (m-o-m) to 455 units in February. Including executive condominium (EC) units, developers sold 457 units last month, registering a 4.6 per cent m-o-m increase. On a year-on-year basis, new home sales excluding ECs was 18.5 per cent higher than February 2018, despite the uncertain economic outlook and property cooling measures this year.