Singapore, 06 Apr 2023 Prices of Housing Board resale flats crept up in March after staying flat in February.
Resale prices rose marginally by 0.7 per cent in mature estates and 0.5 per cent in non-mature estates, with prices of both five-room and executive flats recording the highest increase of 1.3 per cent, according to flash data released by real estate portals 99.co and SRX on Thursday.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun said: “Sales volume rebounded in March after the Government announced that more Central Provident Fund Housing Grants will be given to first-timers buying resale flats.”
Ms Sun said that the nine million-dollar four-room flats sold in March were a monthly record for such transactions.
“Since private home owners aged 55 and above are exempted from serving the 15-month wait-out period if they purchase four-room or smaller resale flats, more four-room resale flats may be sold above a million dollars after the policy change,” she added.