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HDB resales jump to 10-year high in Q3 as prices rise 1.5% over quarter

There were 7,787 resale flats transacted in July to September, a 127.3% rise from Q2, and 24.3% higher than Q3 2019

Published Fri, Oct 23, 2020 · 09:50 PM

Singapore

THE Housing Board resale market staged a stunning rebound in the third quarter of 2020, with transactions soaring to a 10-year high after diving to their lowest since 2007 in the previous three months.

There were 7,787 resale flats transacted in the July to September quarter, a 127.3 per cent rise from 3,426 units in the second quarter, when sales plunged 40 per cent quarter on quarter, because of the two-month circuit breaker, which ended on June 1.

But this was not all pent-up demand. The number is also 24.3 per cent higher than the 6,264 flats sold in the same period last year.

The resale volume at 7,787 flats …