HDB resale prices inch up as transaction volumes hit 2-year high in April

Over 1,600 flats were resold.

Data released today by SRX Property showed that HDB resale prices inched up by 0.2% month-on-month in April, while resale volume surged by 19.3%.

A total of 1,610 HDB flats were transacted in the secondary market last month, the highest figure in 2 years. However, this is still below the peak of 3,649 units recorded in May 2010.

The price increase was driven by HDB 3 and 4 Room Flats at 0.3% and 0.9%, respectively. The resale price for HDB 5 Room and Executive Flats decreased by 0.8% and 2.0% respectively.

Prices dropped 6% while resale volume increased 8.5% on a year-on-year basis.

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