HDB resale volume up 26.1% in March

Singapore

THE volume of Housing and Development Board (HDB) resale flats grew by 26.1 per cent in March, marking the highest jump in eight months since August last year.

There were 1,657 HDB resale transactions in March, up from the 1,314 units sold in the previous month, according to flash estimates from real estate portal SRX Property on Thursday. However, resale volume in March was 12.7 per cent lower than the 1,897 units transacted in the same month last year.

OrangeTee & Tie research head Christine Sun noted that the increase in resale volume in March could be seasonal as there were similar trends in the past two years. HDB resale volume rose 58.7 per cent in March last yea…