HDB resale flat volume falls 78% in April; only 423 units changed hands

Singapore

HOUSING and Development Board (HDB) resale flat volumes plummeted by 78.3 per cent in April from March to levels that observers said could be a historical low, as circuit breaker measures put in place to stem the spread of the novel coronavirus curb house viewings.

Just 423 flats changed hands last month - also 78.1 per cent lower than in April last year, SRX estimates showed on Friday.

Prices also fell, declining by 1.5…

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