by OrangeTee & Tie Pte Ltd.

HDB resale prices rise for 12th straight month; 19 million-dollar flats sold in June

SRX HDB Resale Data

SRX HDB Resale Data

Singapore, 08 Jul 2021

SINGAPORE - The Housing Board resale market bounced back quickly last month, with prices continuing to climb and more flats changing hands as tightened Covid-19 measures were eased.

HDB resale prices rose for the 12th straight month, advancing 0.9 per cent last month compared with May, according to flash data from real estate portal SRX on Thursday (July 8).

The HDB resale market has "returned to business as usual", said ERA Realty head of research and consultancy Nicholas Mak, who added that the latest figures show that people are getting used to the safe distancing measures and restrictions imposed by the Government as a result of the pandemic.

Year on year, resale prices increased 13.2 per cent from June last year, and are just 1.7 per cent off their peak in April 2013.

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