SINGAPORE - Housing Board resale prices rose from September to October despite fewer units sold, according to flash data from SRX and 99.co on Thursday (Nov 4).
Prices were higher than September, marking the 16th consecutive month of price growth. This was for both mature and non-mature estates, across all flat types.
Although the number of transactions fell, analysts reckon demand is still resilient given the Covid-19 restrictions on viewing and the cap on visitor numbers.
That indicates "that there are still many genuine buyers who are in need of immediate housing", said Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie.
"Some people may also be buying a flat now for fear that prices could rise further when our borders fully reopen and more buyers return to the market, including permanent residents and Singaporeans coming back to Singapore."