by OrangeTee & Tie Pte Ltd.

5 HDB resale flats in non-mature estates sold in November for at least S$1m: SRX

OT Research Reports

SINGAPORE — Business has resumed after a one-month blip for Housing and Development Board (HDB) resale flat transactions, with the volume of such transactions going up last month after a dip in October. Five flats in non-mature estates were sold for at least S$1 million — the highest number in a month for non-mature estates so far.

The increase in resale volume came a month after sales declined on the heels of property cooling measures imposed by the Government on Sept 30 this year.

Ms Christine Sun, senior vice-president of research and analytics at property firm OrangeTee and Tie, said that some of the sales could have been finalised before the cooling measures kicked in on Sept 30.

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