SINGAPORE - The number of Housing Board flat resale transactions continued to remain high in July with prices creeping up, according to flash data released by real estate portal SRX Property on Thursday .
The two months of high sales came after exceptionally low numbers of 423 and 364 flats sold in April and May respectively, during the circuit breaker period that lasted from April 7 to June 1. ERA Realty's head of research and consultancy Nicholas Mak said:"Some home buyers prefer to purchase HDB flats during periods of economic uncertainties as they remain the most affordable housing."
"We believe such demand for resale flats could be sustained and are projecting overall HDB resale volume to come in at 21,000 to 22,000 flats for the full-year 2020 - slightly lower than the 23,714 units resold in 2019."
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