by OrangeTee & Tie Pte Ltd.

HDB resale transactions spike 127.3% in Q3 after end of COVID-19 circuit breaker

SRX HDB Resale Data

SRX HDB Resale Data

SG, 23 Oct 2020

The number of HDB flats sold in the resale market in the 3rd quarter increased by 127.3 per cent after the lifting of the "circuit breaker" in June. From July to September this year, official figures showed that 7,787 flats were sold , rising from the 3,426 sold in the 2nd quarter.

"The public housing market posted a 'stunning rebound' after clocking 'historically low sales' in the second quarter of this year, when house viewings were barred during the circuit breaker period," said head of research and consultancy at OrangeTee & Tie Christine Sun. 

"The fast turnaround in the property market could be fuelled by the aggressive stimulus packages unleashed globally to weather the economic fallout of the pandemic," she added.

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