The HDB resale volume in the second quarter of 2023 is the lowest in the last three years since the third quarter of 2020.
were a wait-out period of 15 months before private property owners can purchase a non-subsidised HDB resale flat and the lowering of loan-to-value limit for HDB housing loans.
The price increase was mainly driven by five and four-room flats, said OrangeTee & Tie's senior vice president of research and analytics, Christine Sun. Ms Sun warned that demand for resale flats may increase further in the second half of this year with stricter rules imposed for the"First-timers who lose their priority when they reject HDB's offer to pick BTO flats will likely turn to the resale market," she said.RESALE VOLUME
A price mismatch between sellers and buyers also led to a lower transaction volume, said Lee Sze Teck, senior director of research at Huttons' Asia. These flats will be launched in towns and estates like Kallang, Choa Chu Kang, Queenstown, Bedok and Bishan.
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