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Singapore condo resale volumes hit 11-year high; prices up 1.5% in April: SRX

Transactions likely driven by HDB upgraders, say property analysts; delays in BTO flats also cited

Vivienne Tay

Published Wed, May 12, 2021 · 05:50 AM

Singapore property

Singapore

HDB upgraders were likely drivers of condominium resale transactions in April, property analysts noted after resale volumes hit an 11-year high according to flash figures from real estate portal SRX Property.

There were 1,993 units resold in April 2021 - the highest monthly volume seen since April 2010. There was a 7.9 per cent increase in volumes from 1,847 units resold in March 2021. Year on year, April 2021's volumes were six times that of April 2020's resale volumes and more than double the five-year average volumes for the month of April.