SINGAPORE: The number of Housing and Development Board flats sold in the resale market in the second quarter plunged 41.9 per cent amid the COVID-19"circuit breaker" period.
Prices inched up 0.3 per cent from Q1 to Q2, with the resale price index – which provides information on the general price movements in the resale public housing market – increasing to 131.9.Despite the unprecedented global health crisis and macroeconomic shocks posed by COVID-19, there has been no steep correction in prices unlike in past crises, said head of research and consultancy at OrangeTee & Tie Ms Christine Sun.
HDB figures also showed a 9.1 per cent fall in number of approved applications to rent out HDB flats, from 11,591 in the first quarter to 10,539 in the second quarter. Compared to the same period last year, the number of flats rented out declined by 14.6 per cent.
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