HDB resale volume grew 26.1% in March, the highest jump in 8 months

SINGAPORE - The volume of Housing Board resale flats grew by 26.1 per cent in March, marking the highest jump in eight months since August last year.

OrangeTee & Tie research head Christine Sun noted that the increase in resale volume in March could be seasonal, as there were similar trends in the past two years.Property activities typically pick up after the Chinese New Year festive celebrations, Ms Sun said, as sellers and buyers become more active in listing and searching properties.

But this was still a 1 per cent decline from last March, and down 13.7 per cent from its peak in April 2013. Experts noted that the price dip in mature estates could be due to the general price weakness of older flats in these estates.

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