by OrangeTee & Tie Pte Ltd.

Demand for HDB resale properties continues to soar

SRX HDB Resale Data

SRX HDB Resale Data

SG, 03 Feb 2021

The HDB resale market continues to experience robust sales in January, according to data released by SRX in the HDB Flats Flash Report. Resale volume in January increased by 30.3% YoY with HDB resale transactions amounting to 2,501, higher than the previous year. This represents a 0.5% increase from December.

According to Wong Siew Ying, head of research and content of PropNex, they expect HDB resale prices to potentially grow by 3% to 5% whilst sales volume could exceed 25,000 units. This was seconded by Orange Tee senior vice president of research & analytics, Christine Sun, who said they expect the demand to be sustained in the coming months with prices rising by 2%-5% this year. However, Sun said the demand for resale flats threatens to outpace supply, as evident by the high subscription rates of recent BTO launches and increasing resale transactions.

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