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This is the third consecutive month that more than 2,400 units were moved.
HDB resale prices jumped 2.1% YoY in August compared to the previous year, data from the latest SRX Flash Report showed, although this is 0.7% lower compared to July.
Prices for all room types rose during the month compared to a year ago. Four-room HDB flats led the increase with a 2.7% increase, followed by executive flats with a 2.2% price raise. Three-room and 5-room resale prices climbed by 1.2% and 1.8%, respectively.
Overall, resale volumes surged 23.5% YoY last month compared to August 2019, with a total of 2,435 HDB resale transaction occurring during the month. However, this is 1.4% lower compared to July.
This is the third-straight month that more than 2,400 units were transacted, noted Christine Sun, Head of Research & Consultancy, OrangeTee & Tie—reflecting howmarket sentiment continues to recover after the circuit breaker period.
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Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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