HDB resale volume may rebound as prices dip

THE total number of resale HDB transactions for 2014 was just 17,318 units - a further decrease of 4.3 per cent from the already low 18,100 units transacted in 2013 and less than half the 37,205 units transacted when the resale volume peaked in 2009.

Historically, this was the lowest number of resale HDB flats transacted since the Asian Financial Crisis in 1997.

During 2014, the resale HDB market experienced the full brunt of the government's supply and demand-side measures that were progressively introduced since 2011 to stabilise public housing prices that had increased too fast and for too long.