by OrangeTee & Tie Pte Ltd.

HDB resale prices rise for 11th straight month as volume dips on tighter Covid-19 rules

SRX HDB Resale Data

SRX HDB Resale Data

Singapore, 03 Jun 2021

SINGAPORE - Tightened Covid-19 measures had some cooling effect on the Housing Board resale market last month as fewer property viewings were conducted in person, resulting in fewer flats changing hands.

However, HDB resale prices continued to climb for the 11th straight month, rising 1.2 per cent last month compared with April, according to flash data from real estate portal SRX released on Thursday (June 3). A total of 1,966 resale flats were sold last month, a 16 per cent fall from April.

Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, noted that the drop was not as drastic as during the circuit breaker period in April last year, when even tighter measures were introduced. Then, the HDB resale volume dropped by about 78.5 per cent, from 1,969 units in March to 423 units in the following month, she said.

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