HDB resale prices up 2.1% in August | Agent.sg
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HDB resale prices up 2.1% in August

Fresh property news selection on September 03. 2020, Thursday.

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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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