over that in the previous quarter. Prices in third quarter of 2020 rose by 1.5 per cent.
“HDB resale prices rose higher last quarter in tandem with the rising home values observed around the world,” said Ms Sun.These prices are now inching closer to the peak in second quarter of 2013, said Ms Sun, adding that at the current pace of price growth, “a new peak may be formed by the second half of this year”.A total of 53 resale flats were sold for at least S$1 million in the last quarter, the highest quarterly sales of million-dollar flats since 1990, she added.
“These buyers could be downsizing from private properties or former en bloc homeowners who are currently still on the lookout for large, affordable replacement homes.” More detailed housing data will be released along with the final resale price index for the full quarter on Apr 23, said HDB.HDB announced on Monday that it will offer about 8,700 Build-To-Order flats this year.
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