In April 2024, Housing and Development Board resale prices in Singapore continued their upward trend, marking a 0.9% month-on-month increase and a 6.0% year-on-year rise, as per data from 99.co and SRX.
Sales volume mirrored the price trend, with a notable 15.7% MoM increase in resale transactions, totalling 2,387 units in April 2024.According to The Business Times, Property analysts from Huttons and OrangeTee said the reduced Build-To-Order launches have tightened the supply of new flats, prompting buyers to turn to the resale market.suggests that seasonal effects might also play a role, with more transactions typically occurring in the second and third quarters of the year.
The majority of transactions were concentrated in four-room flats , followed by three-room , five-room , and executive flats .Another notable trend in April was the increase in million-dollar transactions. The highest-priced unit, a five-room flat in Toa Payoh, fetched S$1.438 million, while in non-mature estates, an executive flat in Toh Guan Road sold for S$1.088 million.Nicholas Mak, chief research officer at Mogul.
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