by OrangeTee & Tie Pte Ltd.

HDB resale prices rise for 13th straight month in July, though growth pace slows

SRX HDB Resale Data

SRX HDB Resale Data

Singapore, 05 Aug 2021

SINGAPORE - Demand for Housing Board resale flats remained strong in July, with prices continuing to climb and more flats changing hands despite tightened Covid-19 measures in the second half of the month.

HDB resale prices rose for the 13th straight month, advancing 0.5 per cent in July compared with June, according to flash data from real estate portal SRX on Thursday (Aug 5).

However, the pace of price gains slowed for the second month, which could be an indication of price resistance from buyers, noted Huttons Asia senior director of research Lee Sze Teck.

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