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HDB resale prices rise for fourth straight month in October: SRX

Data indicates demand remains robust amid pandemic; 13 HDB resale flats sold for more than S$1 million

Published Thu, Nov 5, 2020 · 09:50 PM

Singapore

WHILE Housing Board (HDB) resale volume dipped in October compared to the month before, prices have continued to rise, indicating that demand has remained relatively robust amid the Covid-19 pandemic.

Thirteen HDB resale flats were sold for more than S$1 million, flash estimates from real estate portal SRX showed on Thursday. It is the highest number of such transactions for a single month.

The previous high was in June 2018, when 11 million-dollar flats changed hands.

A total of 59 HDB resale flats have been sold for more than S$1 million in the first 10 months of this year.

Wong Siew Ying, PropNex head of research and content, no…