HDB resale volumes dip below 2,000 in May

This is the first time HDB resale volumes fell under the 2,000 mark since May last year.

Resale of Housing & Development Board (HDB) flats fell short of the 2,000 mark in May, with a total of 1,996 transactions.

Whilst this is a 440.1% increase from the 364 transactions recorded in May last year, this is also a 16.0% decrease from the transactions recorded in April this year.

The last time resale volumes were under 2,000 was also in May last year, the second month of the Circuit Breaker period.

Broken down by room type, 43.5% of the resale volume came from HDB 4 room, 26.7% from 5 room, 21.1% from 3 room and 7.3% from Executive.

HDB resale prices increased by 12.0% year-on-year, or by 1.2% month-on-month.

Year-on-year, prices for all room types increased, by 13.7% for 3 room, by 11.1% in 4 room, by 12.0% in 5 room, and by 13.0% in executive.

May 2021 prices are 2.6% lower than the peak in April 2013.

The highest transacted price for a resale flat was at $1.21m, for a 5 room unit in Buona Vista Court.

More than 13 HDB resale flats were transacted for at least $1m in May, lower than the 21 transactions recorded in April.

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!

Exclusives

How to free manufacturing firms from the pitfalls of greenwashing
An EnterpriseSG official said standardisation and green courses will enhance businesses’ sustainability goals.
Manufacturing
Agility matters most to Singaporean CEOs
In SG, 93% believe agility makes leaders of today successful; globally, only 88% think so.
Media & Marketing
Here’s what an advanced security firm looks like
AETOS offers training courses on security, technology, and facilities management.