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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.


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