Here's why HDB resales slipped into downward trajectory

The recent BTO launches have drawn some potential buyers away from the resale market.

HDB resale volume continued its downward trajectory in May, both on a month-on-month (-5.3%) and year-on-year basis (-11.7%).

OrangeTee & Tie head of research & consultancy Christine Sun noted that without the speculative element of Selective En bloc Redevelopment Scheme (SERS), some buyers may be less motivated to purchase resale flats now especially the older flats.

“The recent BTO launches have also drawn some potential buyers away from the resale market. As a result, sellers are taking longer to offload their units due to the decreased demand,” she added.

Moreover, there were rising concerns about the ageing HDB flat leases amongst younger buyers, with some choosing to sit on the sidelines as they wait for further discussions on this matter, Sun said.

However, displaced en bloc sellers who are now streaming into the resale market seemed to be less concerned as many are able to pay their purchases fully in cash.

“Many of these buyers are currently looking out for larger resale flats such as 5 room flats or executive maisonettes in the central areas or near their displaced homes. Therefore owners of these flats could see greater demand in the coming months,” she concluded.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia