HDB resale prices rise for 11th straight month

Source: https://www.straitstimes.com/singapore/housing/hdb-resale-prices-rise-for-11th-straight-month-as-volume-dips-on-tighter-covid-19

HDB resale prices continued to climb for the 11th straight month, rising 1.2 per cent last month compared with April, according to flash data from real estate portal SRX released on Thursday (June 3).

A total of 1,966 resale flats were sold last month, a 16 per cent fall from April.

Resale volume for HDB flats in May was 440.1 per cent higher than the same month last year.

Under the current phase two (heightened alert) measures, expected to be in place till June 13, households can receive only two unique visitors each day.

This has severely limited in-person viewing of resale units. To overcome this issue, many agents are tapping digital technology to conduct virtual viewings.

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