Singapore, 05 Feb 2021 According to flash data from real estate portal SRX released yesterday, resale prices rose by 1.7 per cent last month, compared with last December.The overall price increase was 7.7 per cent compared with last year, but still 7 per cent lower than the peak in April 2013.
Last month, a total of 13 Housing Board resale flats also changed hands for at least $1 million each. The highest transacted price was $1.21 million for a five-room Design, Build and Sell Scheme unit at Natura Loft in Bishan Street 24.
The strong demand for public housing has continued to prop up resale prices and is expected to be sustained in the coming months, with prices rising by 2 per cent to 5 per cent this year, said Ms Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics.
She said: "Demand for HDB resale flats seems to be outpacing supply now, as evident by the high subscription rates of recent Build-To-Order launches and increasing resale transactions."