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
Fri, Jun 05, 2020 - 5:50 AM
Consultants say the drop in HDB transaction volume is not surprising and expect the worst to be over as restrictive measures are gradually eased.
BT PHOTO: GIN TAY
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.