Property analysts said the rebound in demand for resale flats could be attributed to the less frequent Build-To-Order and Sale of Balance Flats exercises.Prices of Housing Board resale flats climbed 0.9 per cent in April, and more units were sold as the market picked up following a dip the month before.
Such launches, which give applicants a chance to apply for balance flats from earlier BTO sale exercises, previously took place twice yearly. Sixty-eight flats changed hands for at least $1 million each in April, higher than the 61 such transactions in March. A 1,539 sq ft executive flat in Toh Guan Road in Jurong East fetched $1.088 million, the top transaction in a non-mature estate in April.
The analysts also noted that in April, Kallang/Whampoa recorded 15 million-dollar flat transactions, a record high for a town.
RESALE PRICES PUBLIC HOUSING RESIDENTIAL PROPERTY
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