Singapore, 06 May 2021 SINGAPORE - The Housing Board resale market remained robust in April as 21 million-dollar flats changed hands and overall resale prices rose for the 10th straight month.
Experts said the return to phase two Covid-19 curbs will help underpin demand.
Resale prices climbed 1.2 per cent last month compared with March, according to flash data from real estate portal SRX released on Thursday (May 6).
The 21 million-dollar flats sold last month were an increase from March, when 17 such flats were sold. The monthly record so far is 23 million-dollar flats sold in February.
Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said it is likely that a new record for million-dollar flats will be inked next month.
OrangeTee & Tie's Ms Sun noted that the number of transactions is still considered "healthy" as more than 2,000 units were sold. This is above the 1,873 monthly average transactions recorded in 2019 before the Covid-19 pandemic struck.