by OrangeTee & Tie Pte Ltd.

HDB resale volume falls 78% to record low

SRX HDB Resale Data

April 2020

Singapore, 09 May 2020

Only 423 HDB resale transactions were recorded in April 2020, a 78% drop from March. This record low, significantly beat out the previous record of 778 units, from May 1990. Overall-prices on the other hand fell 0.04%, from March 2020.

"Some buyers may have delayed their purchase since there is some uncertainty as to when the whole sales process can be completed." said Ms Christine Sun, head of research and consultancy at OrangeTee & Tie.

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