157 views
Photo by Raphael Koh on Unsplash

HDB resale volume drops 1.7% MoM in August

Of the total volume, only 1.4% were million-dollar flats.

Demand for HDB resale flats dropped in August with only 2,323 units sold, data from 99.co and SRX. showed.

Compared to July and August 2022, volume dropped by 1.7% and 15.5%, respectively. 

By room type, 4 Room flats were the most transacted in August, accounting for 41.2% of the total volume, followed by 5 Room (24.9%), 3 Room (24.7%), and Executive (7.1%).

By estate, non-mature estates had more sales (58%) than mature estates (42%).

Of the total volume, only 1.4% or 33 flats million-dollar flats.

Eight of the 33 million-dollar flats sold were from Toa Payoh, seven from Bukit Merah, and six from Queenstown.

The rest of the million-dollar flats come from Central Area, Kallang/Whampoa, Bishan, Woodlands, Marine Parade, Clementi and Serangoon.

Whilst volume dipped, prices of HDB resale flats continued to rise for the 26th straight month, climbing 0.4% MoM.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!