Updated CPF, loan rules give HDB resale market 'new lease of life': OrangeTee
HDB resale transactions jumped 29.8 per cent from the previous quarter to 6,276 units in Q2 2019 - marking the first increase in sales volume since Q3 2018
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Singapore
DEMAND for older HDB flats in Singapore spiked in the second quarter this year, following policy updates that may have given a "new lease of life" to the overall HDB resale market, OrangeTee & Tie said on Tuesday in its latest report on HDB trends.
Some 564 HDB flats that were 40 years old and above were sold in May-June this year, a 40 per cent surge from 403 units in the year-ago period, while resale transactions for flats between 30 and 40 years old rose 10.4 per cent to 1,219 units.
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