HDB resale transactions skyrocket by 16% to year-high in October

A jaw-dropping 1,553 units were resold this month.

Singaporeans have been allured by attractive HDB resale offers this month, as resale transactions jumped by 16% compared to last month, registering the highest monthly volume this year so far.

According to SRX property, resale transactions this month also jumped by 12.4% from last years resale volume.

However, SRX property says resale volume is still 52.2% down from its peak of 3,649 units in May 2010.

Meanwhile, the movement of HDB resale volume was the opposite of resale prices, as HDB resale prices remained flat this month.

“The resale prices of HDB 3 Room and Executive Flats increased by 0.7% and 0.9%, while the resale prices of 4 and 5 Room Flats decreased by 0.8% and 0.1% respectively,” SRX property said.

Year-on-year, prices have also decreased this month while 2.6%, while being down by 11.7% since its peak in April 2013.