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HDB resale flat volume falls 78% in April; only 423 units changed hands

Transactions could be a historical low due to circuit breaker measures that curbed house viewings, say observers

The lowest average monthly HDB resale transaction did not fall below 1,000 flats in the past 20 years, even during the Sars outbreak in 2003 and economic recessions in the past two decades, says ERA's Nicholas Mak.


HOUSING and Development Board (HDB) resale flat volumes plummeted by 78.3 per cent in April from March to levels that observers said could be a historical low, as circuit breaker measures put in place to stem the spread of the novel coronavirus curb house viewings.


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