'The momentum will sustain, provided there are no unforeseen circumstances. For now, the uncertain outlook will continue to keep pressure downwards despite high demand, and deter sellers from jacking up asking prices if they are serious about selling.'

ERA Asia Pacific associate director Eugene Lim, about the increased sales and prices of HDB resale flats.

Sustaining such a level of sales will, he notes, depend on the economy's performance over the rest of the year.