HDB resale prices rise for third consecutive month

"This indicates that overall demand in the HDB resale market is generally healthy this year despite the circuit breaker period, economic slowdown and Covid-19," she said.The demand may have been boosted by young couples who turned to HDB resale flats after becoming aware of the longer completion period of newly launched Build-To-Order projects, with a four-to-five-year wait in some cases, she said.Four-room flats saw the biggest price increase, with 2.

Ms Sun noted that this appears to be a"historical high", as the highest transacted price before this was $1.232 million for a five-room HDB flat in the same development. "These newer flats would usually command higher prices than the older flats in the vicinity, which would contribute to the increase in the price index," said Mr Mak.

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