Singapore, 04 May 2023 PRICES of resale Housing and Development Board (HDB) flats continued rising in April, flash figures released by SRX and 99.co on Thursday (May 4) showed.
On a month-on-month basis, overall HDB resale prices increased by 1.1 per cent in April, after rising by 0.5 per cent in March. Prices for mature estates were up by 1 per cent, while non-mature estates saw a 0.8 per cent rise.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun noted that although resale volumes dipped last month, the number of units sold was still higher than the 2,176 monthly average units sold from October 2022 to March 2023, six months after September 2022 cooling measures.
She said: “This indicates that the sales performance remains robust considering that cooling measures were in place.”