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HDB resale volume in October highest this year: SRX

Recent rule changes may have boosted deals; volume in November may be dented by BTO launches

Kalpana Rashiwala

Published Thu, Nov 5, 2015 · 09:50 PM

Singapore property

Singapore

RECENT changes in rules benefiting buyers of HDB flats could have helped pushed up transactions of public housing flats in the resale market last month even as prices were generally unchanged.

Flash estimates for October released by SRX Property show that the number of resale HDB flats sold rose 16 per cent to 1,745 from 1,504 in September. This is the highest monthly volume so far this year, it noted.

Year on year, the resale volume improved 12.4 per cent from 1,553.

ERA Realty key executive officer Eugene Lim said that the increased volume could be due to policies introduced on Aug 24. One is the Proximity Housing Grant (PHG), under which Singapore citizen families buying a resale flat to live with or near their parents or married child w…