Propnex, however, said otherwise.

An estimated 1,399 condominium units were resold in February, representing a 0.4% increase from the previous month’s 1,394, according to the latest SRX media flash report for condo resale.

According to OrangeTee’s senior vice president of research & analytics Christine Sun, the higher sales came as a "surprise" as sales activities typically slow down during the Chinese New Year period.