Demand for HDB resale flats expected to remain strong this year

Singapore

THE number of resale transactions for public housing flats rose 7.8 per cent to 20,813 cases last year from 19,306 cases in 2015. The latest figure is also the highest in four years.

One factor that boosted the resale volume of Housing & Development Board (HDB) flats last year is that more homebuyers sensed that prices in this segment had stabilised and may not fall significantly if they continued to wait, suggested SLP International executive director Nicholas Mak.

"Also contributing to the pick-up in transactions could be that as more priva…