by OrangeTee & Tie Pte Ltd.

HDB resale transactions plunge 41.9% in Q2 amid COVID-19 circuit breaker; prices inch up

HDB Quarterly Data

Q2 2020

Singapore, 24 Jul 2020

On a year-on-year basis, the number of transactions was down 45.4 per cent, according to HDB data as seen from the figures released on Friday (Jul 24). A total of 3,426 flats were sold from April to June, falling from the 5,893 sold in the first quarter

Christine Sun, head of research and consultancy at OrangeTee & Tie mentioned that despite the global health crisis and macroeconomic shows posed by Covid-19, there has been no steep correction in prices unlike in past crises.

She further explains the possible reasons that may have brought about the plunge in HDB resale transactions.

To read full article: click here

For more news, research and information,