Singapore, 13 Jul 2023 RESALE prices hit record levels in 17 out of the 26 Housing and Development Board (HDB) towns in the year to date, said OrangeTee & Tie on Thursday (Jul 13).
OrangeTee said among the 17 towns, the highest price registered was for a unit at Bukit Merah, which changed hands at S$1.5 million. This was followed by a S$1.42 million sale in Toa Payoh and a S$1.4 million sale in Bishan.
A total of 105 resale flats were sold for at least S$1 million during the second quarter, more than the 103 transactions in the first, said the property consultancy firm.
It added that only five towns have yet to see a million-dollar flat transaction – Bukit Panjang, Choa Chu Kang, Jurong West, Sembawang and Sengkang.
Average resale prices increased for 21 HDB towns, with Geylang registering the highest price growth at 18.7 per cent. This was followed by Central Area at 8.6 per cent, Bedok at 4.3 per cent and Tampines at 4.1 per cent.
Overall, HDB resale prices rose 1.4 per cent in the second quarter after edging up 1 per cent in the preceding quarter. Prices have increased for 13 consecutive quarters. The Q2 data was based on flash estimates released by HDB in July.