HDB resale prices up 0.6% in June, volume down; record $1.5 million flat sold in Tiong Bahru
Huttons Asia chief executive Mark Yip said some potential home seekers, who are not in urgent need of a home, could have turned to the Sale of Balance Flats in the May sales exercise as these flats have a shorter waiting time compared to BTO flats and are priced lower than HDB resale flats.
Noting that the requirement is quite new, Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said some potential deals may have been delayed as buyers may not be aware of the new rule and may need more time to apply for the letter. As for resale flat prices, June saw a 0.6 per cent growth, with five-room flat prices leading the way with a 1 per cent increase.In June, 34 HDB flats changed hands for at least $1 million each, on par with May’s figure.
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