SINGAPORE - Housing Board flat resale volumes tumbled still further last month, following the already record low number of flats resold in April, and dropping to levels not seen in the last 30 years, real estate portal SRX figures showed on Thursday .
Prices, however, held steady in May, even increasing 0.1 per cent compared to April. People on average paid about $3,000 more than the flats' estimated value last month, SRX said. A similar trend was observed in the private property resale market, she said, given that most people still do not feel comfortable making a purchase without having physically inspected their new home and its surroundings."We have noticed that more buyers are becoming receptive... More resale sellers who are in urgent need to offload their units and buyers who need an immediate home may adopt such virtual tours.
Bearish divergence
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