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HDB Q1 resale prices up for 4th straight quarter; volume eases

Roll-out of Covid-19 vaccines globally, anticipated global economic recovery lifted market sentiment: analyst

Published Sat, Apr 24, 2021 · 05:50 AM

Singapore

THE Housing Board resale market remained steadily robust in the first quarter of this year amid Covid-19 vaccine optimism, with prices of resale flats rising for the fourth consecutive quarter even as fewer flats changed hands.

The resale price index for the first three months of the year was logged at 142.2, an increase of 3 per cent over that in the fourth quarter of 2020, figures released by HDB on Friday showed.

Prices rose 8.1 per cent year on year.

Last quarter's HDB resale prices were just 4.8 per cent lower than their peak in the second quarter of 2013, said Christine Sun, OrangeTee & Tie's senior vice-p…