by OrangeTee & Tie Pte Ltd.

HDB resale prices up 0.3% in January

Exclusive Research Collaborations

January 2020

Singapore, 06 Feb 2020

HDB resale prices went up by 0.3% in January with five-room prices having the highest increase of 0.7% YoY.

Head of Research & Consultancy at OrangeTee & Tie, Christine Sun, said that "The higher sales volume could be attributed to a few factors. Some buyers could have returned after the year-end holidays. Those who are in urgent need of a home may have preferred to settle their purchase before the Chinese New Year as house viewings are harder to arrange during the festive period."

Christine also added that buyers could be leveraging on the new incentives dished out by the government such as the Enhanced CPF Housing Grant (EHG), which could have boosted the number of buyers who can now afford a resale flat with additional subsidies.

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