07 Aug '18, 1am

28% more HDB flats sold in July

The resale HDB market seemed to have enjoyed brisk sales last month with a 28% rise in transaction volume. Prices however dipped slightly by 0.3%. More HDB flats sold in July but at lower prices The rate of change in resale flat prices remained steady from June. However, year-on-year prices have fallen 1.6% and 13.6% from April 2013’s peak. As HDB flat prices fall and private property prices rise, more buyers may be looking at upgrading within the HDB flat sector, hence boosting sales volume. Prices of 3-room and 4-room flats have fallen 1% and 0.5% respectively while that of 5-room and executive flats remained unchanged. The resale flat segment in mature estates have lost a little traction with prices falling 1% while those in non-mature estates rose 0.3%. This may have to do with the governments’ recent warnings against over-paying for older flats with a fewer number of ...

Full article: https://www.iproperty.com.sg/news/28-more-hdb-flats-sold-...

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