RESALE volumes of Housing and Development Board (HDB) flats recovered slightly in November due to seasonal uplift, as buyers brought forward their purchases before hitting the holiday season in December, property analysts noted.
About 2,140 HDB resale flats changed hands during the month, 8.9 per cent higher than the number of flats resold in October. Year on year, resale volumes were 17.3 per cent lower, according to flash figures released by SRX and 99.co on Thursday (Dec 8).
Sales may remain moderate in December as buyers travel overseas and viewings drop, said Christine Sun, OrangeTee & Tie’s senior vice-president of research and analytics.
“The lull season may ride into January as sales activities tend to be more muted during the Chinese New Year period,” she noted.