Singapore, 03 Sep 2020 In August, five Housing and Development Board (HDB) resale flats transacted for at least S$1 million, according to flash estimates by real estate portal SRX. Additionally, 2,435 HDB resale transactions occurred in August, a 23.5% increase year on year.
Christine Sun, head of research and consultancy at OrangeTee & Tie, attributed the increase in resale transactions in August to demand being diverted from the Build-to-Order (BTO) market.