Flat resale volume up 8.1%, Latest Business News - The New Paper

Flat resale volume up 8.1%

This article is more than 12 months old

Resale volume for Housing Board flats went up by 8.1 per cent last month, property data portal SRX said in a flash report yesterday.

According to resale data it compiled, 1,983 HDB resale flats were sold last month, compared with April's 1,834.

Last month's resale volume was also 7.5 per cent higher than in May last year, when 1,844 units were resold. At the same time, resale prices last month fell slightly by 0.1 per cent compared with April.

The resale prices of five-room HDB flats and executive flats increased by 0.5 per cent and 0.3 per cent respectively, while those of three-room flats remained unchanged.

Prices of four-room flats decreased by 0.1 per cent.

Across the board, prices have declined by 11.6 per cent since the peak in April 2013.

Since May last year, prices fell slightly by 0.7 per cent.

Last month, HDB resale prices in mature estates rose by 0.2 per cent, compared with a 0.4 per cent dip in non-mature estates.

Mr Ong Kah Seng, director of R'ST Research said the rise in resale activity for last month over April, even as prices fell, reflect that buyers are "still generally opportunity-driven and realistic".