Singapore, 04 Aug 2022 The number of Housing and Development Board (HDB) flats resold rose in July, while resale prices grew at a slower pace, according to flash estimates from property portal SRX and 99.co released on Thursday (Aug 4).
The number of resale flats transacted jumped 10.5 per cent to 2,363 units, rebounding from 2,139 units in June – which registered a drop in volume for the second straight month amid the school holiday season.
“The trend indicates that demand has not recovered back to the levels seen before cooling measures were implemented in December 2021,” said OrangeTee & Tie’s senior vice-president of research and analytics Christine Sun.