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.