Prices of Housing Board resale flats edged up 0.5 per cent in October, and more units were sold as the market picked up following a dip the month before. HDB resale flat prices grew at a quicker pace in October, following a
The stronger sales in October could also be attributed to more HDB upgraders selling their flats as they collect the keys to their new private homes.Prices of Housing Board resale flats edged up 0.5 per cent in October, and more units were sold as the market picked up following a dip the month before.based on flash data from real estate portals 99.co and SRX on Thursday. Prices were up 5.3 per cent year on year.
About 9,000 private homes and executive condominiums were completed in the third quarter of 2023, the highest quarterly supply since 2016, said Ms Wong, citing data from the Urban Redevelopment Authority. Forty-one flats changed hands for at least $1 million in October, taking the total number of million-dollar transactions so far in 2023 to 377.
The most expensive resale flat was a five-room, 113 sq m unit between the 19th and 21st storeys at Block 96A Henderson Road, which sold at $1.45 million. Prices rose 0.8 per cent in non-mature estates, the highest in the past 12 months, noted ERA Singapore key executive officer Eugene Lim. Mr Lim said that as no new executive flats are being built, this could lead to prices growing because of the fixed supply.