Deals of $700,000 and above for HDB resale flats are still being done this year, after 'record deals' of more than $700,000 first surfaced during last year's boom, though these are few and far between.

The good news for sellers is that prices continue to rise, pushing up valuations.Volume is seen remaining healthy as home seekers continue to check out resale flats,

Demand for HDB resale flats comes mostly from newly formed families and new permanent residents (PRs). HDB prices are still rising because there is not enough supply to meet demand.

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