HDB resale volumes dip below 2,000 in May

This is the first time HDB resale volumes fell under the 2,000 mark since May last year.

Resale of Housing & Development Board (HDB) flats fell short of the 2,000 mark in May, with a total of 1,996 transactions.

Whilst this is a 440.1% increase from the 364 transactions recorded in May last year, this is also a 16.0% decrease from the transactions recorded in April this year.

The last time resale volumes were under 2,000 was also in May last year, the second month of the Circuit Breaker period.

Broken down by room type, 43.5% of the resale volume came from HDB 4 room, 26.7% from 5 room, 21.1% from 3 room and 7.3% from Executive.

HDB resale prices increased by 12.0% year-on-year, or by 1.2% month-on-month.

Year-on-year, prices for all room types increased, by 13.7% for 3 room, by 11.1% in 4 room, by 12.0% in 5 room, and by 13.0% in executive.

May 2021 prices are 2.6% lower than the peak in April 2013.

The highest transacted price for a resale flat was at $1.21m, for a 5 room unit in Buona Vista Court.

More than 13 HDB resale flats were transacted for at least $1m in May, lower than the 21 transactions recorded in April.