SG, 08 Oct 2020 HDB resale flats prices increased for the 3rd month in a row since September, demand steadily increasing after the almost 2 month long circuit breaker period.
"The HDB resale market has chalked up the strongest quarterly sales since the third quarter of 2016, with 7,394 units sold from July to September," said OrangeTee & Tie head of research and consultancy Christine Sun.
"This indicates that the overall demand for the HDB resale market is generally healthy this year despite the circuit breaker period, economic slowdown and Covid-19", she added. She stated that the Hungry Ghost Festival failed to put a dent in housing demand this year as it did in previous years.
"The demand may have been boosted by young couples who turned to HDB resale flats after seeing the longer completion period of newly launched Build-To-Order projects, where some have a four to five years' wait," said Ms Sun.