SG, 11 Sep 2020 HDB Resale volumes increased heavily in June and July 2020, immediately following the two month circuit breaker, showing the resale flats demand remains strong.
Christine Sun, Head of Research and Consultancy at OrangeTee & Tie noted that numerous attractive sites were released in the August HDB BTO exercise, likely contributing to the high demand. “It has been a while since new flats were released in some of these estates.” Also adding that the November BTO flats completion periods will likely be even longer, “hence those who want a flat earlier would have applied during the August exercise.”