Prices of Housing Board resale flats were up 0.6 per cent in June, even as fewer units changed hands, which analysts said could be attributed to the school holiday seasonal lull and other factors. An estimated 1,858 HDB resale flats were sold in June, down 17.8 per cent
The letter, which must be applied for before making a home purchase, informs buyers of their eligibility to buy an HDB resale flat, how much in Central Provident Fund housing grants they can use and how much HDB housing loan they qualify for.
Analysts, however, expect June’s drop in sales activities to be a blip, with HDB resale transactions to bounce back in the months to come. On the HDB resale flat prices front, June saw a 0.6 per cent growth with prices rising the most by 1 per cent for five-room flats.In June, 34 HDB flats changed hands for at least $1 million each in June, on par with May’s figure.
Notably, a 176 sq m adjoined flat at Moh Guan Terrace in Tiong Bahru changed hands for a record $1.5 million in June, despite having around 48 years left on its 99-year lease. It is the most expensive HDB resale flat sold thus far, ahead of the second most costly resale flat - a five-room flat in Toa Payoh that sold for $1.42 million.
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