by OrangeTee & Tie Pte Ltd.

HDB resale prices up 5% last year

SRX HDB Resale Data

SRX HDB Resale Data

SG, 22 Jan 2021

Resale prices for flats last year climbed by its highest since 2012, amid a spike in buying activity despite the COVID-19 outbreak. Resale transactions also rose sharply to an eight-year high in 2020, noted analysts, adding that the market is expected to continue to see a flurry of activity this year. Resale prices for flats rose 5 per cent last year while the number of transactions increased 4.4 per cent, said the Housing and Development Board (HDB) on Friday (Jan 22).

For the whole of last year, 24,748 resale units exchanged hands, said HDB. This is the highest number since 2012 when 25,094 resale units were sold, noted Ms Christine Sun, senior vice president of research and analytics at OrangeTee. "The HDB resale market remains in good shape despite the difficult economic conditions. Last year, the market performance of the resale market was extraordinary as demand and prices rose strongly," said Ms Sun.

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