Singapore, 09 Apr 2021 The hot streak continues for Housing Board flats, with resale prices up again last month - the ninth straight month of increase - and the all-time high now within touching distance.
Buyers are being driven to the sector by a cocktail of factors, including rising values in the private home market, improving market sentiment amid easing restrictions, and delays in Build-To-Order (BTO) flats.
The result was a 0.8 per cent price rise from February to last month, noted flash data from real estate portal SRX out yesterday. Resale prices are now 9.5 per cent above the level of March last year, and just 4.9 per cent below their peak in April 2013.
That peak may be passed by the second half of this year if the current rate of increase - about 1 per cent a month, based on SRX data - is maintained, noted Ms Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics.