SG, 05 Nov 2020 While HDB resale volume dipped in October compared to September, prices continued to rise, showing that demand remained robust amid the pandemic. In addition, 13 HDB resale flats were sold for more than $1 million, flash estimates from real estate portal SRX showed. It is the highest-ever number of such transactions for a single month.
Orange Tee & Tie head of research and consultancy Christine Sun said large resale flats, especially those that are well-located, have been in demand over the past few months. "This is not surprising as some families prefer to buy resale flats during a crisis since people tend to be more prudent. For the same price, they can purchase a much bigger flat as compared to a private home," she said.