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HDB resale volume dips to 30-year low in May, but prices hold up

Just 364 flats changed hands, a 13.9% decrease from the 423 resold in April

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Consultants say the drop in HDB transaction volume is not surprising and expect the worst to be over as restrictive measures are gradually eased.

Singapore

HOUSING and Development Board (HDB) flat resale volumes tumbled still further last month, following the already record low number of flats resold in April and dropping to levels not seen in the last thirty years, figures from real estate portal SRX showed on Thursday.

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