12 Dec '17, 3am

Increase in resale #HDB flats transactions last month

Increase in resale #HDB flats transactions last month

Despite falling prices of resale HDB flats , the number of units sold last month climbed steadily. The number of transactions in the resale HDB market rose over the past few months, surging 11.2% in the last. Sales volume of resale HDB flats rose by 11.2% 1,980 transactions were recorded in November, an 11.2% rise from October’s 1,781 units. The increase in sales volume the month before stood at 5.9%. Resale values dipped 0.1% from October but the fall was slight considering November’s price decline of 0.2%. Overall, November’s resale HDB flat prices were 2.3% lower than the same month last year. Prices have since fallen 12.6% from the peak in April 2013. Sales volume is also 45.7% lower than its peak in May 2010 when 3,469 units exchanged hands. 5-room HDB flats exception to the norm 3-room HDB flat prices fell the steepest at 0.3% while that of 4-room flats and executive...

Full article: https://www.iproperty.com.sg/news/increase-in-resale-hdb-...

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