Singapore, 09 Mar 2023 Prices of Housing Board resale flats in February held steady for the first time following a 31-month climb but property analysts cautioned that this should not be viewed as a sign the market is cooling just yet.
Flash data released by real estate portals 99.co and SRX on Thursday also showed that fewer HDB resale flats changed hands in February, with sales down by 28.2 per cent to an estimated 1,849 units from 2,575 units in January.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun said the unchanged prices and fall in volume could also be seasonal, as sales in February – the shortest month – had similarly dipped from 2019 to 2022.