HDB resale transactions plunged 24.5%
Only 1,871 units were transacted in 1Q.
According to the latest figures from the Urban Redevelopment Authority, the volume of resale transactions decreased sharply, from 3,447 units in 4th Quarter 2012 to 1,871 units in 1st Quarter 2013.
As a proportion of all sale transactions, resale transactions fell to 24.5% from 40.8% in the previous quarter.
Sub-sales accounted for 4.5% of all sale transactions in 1st Quarter 2013, lower than the 7.7% recorded in 4th Quarter 2012.