Home sales in Singapore increased 28% in February compared to the previous month, showing signs of a resurgence following record falls in both home sales and prices, according to the Urban Redevelopment Authority.

Home sales in February were also up 1.7% compared to a year earlier. Last summer, the Singapore government introduced property curbs to cool the market and during the fourth quarter of 2013, home prices in Singapore fell for the first time in two years.

However, the recent rise in property sales is not the start of a recovery, according to Alan Cheong, senior director for Savills in Singapore. He told CNBC that February’s 28% sales jump from a month earlier was largely due to developers launching just two projects in January.

“If nothing gets launched (in March), then we may see sales fall back”, he added.