HDB resale volume rose to its highest in two years in June in more signs of recovery: SRX Property

The resale market for Housing Board flats saw an uptake in June, with prices inching up by 0.1 per cent.
The resale market for Housing Board flats saw an uptake in June, with prices inching up by 0.1 per cent.PHOTO: ST FILE

SINGAPORE -The resale market forHousing Board flats saw an uptake in June, with prices inching up by 0.1 per cent and volume reaching the highest in two years, according to latest data from SRX Property.

While prices of three-room flats dipped by 0.2 per cent, that of four-room, five-room and executive flats were up by 0.3 per cent, 0.5 per cent and 0.7 per cent respectively. The overall prices in June, however, were still down 4.4 per cent from a year before.

Some 1,709 flats were sold last month, up 8.5 per cent from the 1,575 units transacted in May. This volume was up a third from a year before, and the highest since May 2013.

Resale volume, however, was still more than half down from its peak of 3,649 units in May 2010, said SRX Property.

Buyers last month also paid a median of $1,000 over SRX Property's X-Value measure of a flat's market value. This was a price improvement from May, when they paid $2,000 less than the X-Value.