HDB resale volume surges 75%, prices rise 0.3% in March: SRX data

Singapore

RESALE prices of Housing & Development Board (HDB) flats rose 0.3 per cent in March compared to February 2017, while resale volume surged.

According to data compiled by SRX Property, 1,910 HDB resale flats were sold last month, a 75.4 per cent increase from 1,089 transacted units in February.

Property consultants attributed this to the shorter month of February and quieter first two months of the year where festivities discouraged the closing of transactions.

Another possible driver of transaction volume in March was the additional CPF housing grants for first-time buyers of resale flats announced by the government in its February Budget, which helped to improv…