More HDB resale flats sold in Oct after policy changes kick in

Singapore

MORE Housing and Development Board (HDB) resale flats were sold last month compared with previous months after higher grants and income ceilings for first-time buyers took effect in September.

In all, 2,213 HDB resale flats changed hands, an 18 per cent increase from September, real estate portal SRX Property said on Thursday. Compared with a year ago, the resale volume was 10.6 per cent higher.

Four-room flats made up 40.8 per cent of the units sold last month. Five-room flats were 24.3 per cent; three-room flats 25.4 …