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HDB resale volume surges in July; prices inch up

Resale prices 0.4% higher than in June; data so far point to HDB market being resilient despite pandemic, say analysts

Published Thu, Aug 6, 2020 · 09:50 PM

Singapore

THE number of Housing and Development Board (HDB) flat resale transactions continued to remain high in July with prices creeping up, according to flash data released by real estate portal SRX Property on Thursday.

An estimated 2,470 HDB resale flats were sold last month, a 0.7 per cent increase from June when 2,453 units were sold.

July's sales estimates are the highest monthly sales in two years since July 2018, when 2,553 units were transacted.

The two months of high sales came after exceptionally low numbers of 423 and 364 flats sold in April and May respectively, during the circuit breaker…