HDB resale volume in May up almost 20% from last year

SINGAPORE - More resale HDB flats were sold in May this year compared to last year, SRX Property said in its flash report on Thursday.

According to SRX Property,  resale volume of HDB flats increased 19.3 per cent year-on-year with 1,575 HDB resale flats sold last month compared to 1,320 units resold in May 2014.

There was a slight 2.2 per cent decline from the 1,610 units transacted in April 2015.

Meanwhile, HDB resale prices remained flat in May compared to April 2015.

Resale prices of HDB 3- and 4-room flats dropped by 0.2 per cent and 0.9 per cent respectively, while prices of HDB 5-room and executive flats went up by 0.7 per cent and 1.3 per cent respectively.

Year-on-year, prices have dropped 5.0 per cent from May 2014.

Mature estates saw a month-on-month decrease of 0.1 per cent in resale prices while there was a 0.1 per cent increase in non-mature estates.

Compared year-on-year, there was a drop of 3.9 per cent in mature estates, and a 6.0 per cent fall in non-mature estates.

SRX is an information exchange formed by the leading real estate agencies in Singapore. Its purpose is to disseminate market pricing information and facilitate property transactions. Find out more at www.srx.com.sg.