Close to 7 times as many HDB resale flats sold in June compared with May Pent-up demand accumulated in the eight-week circuit breaker had driven HDB resale transaction volume in June 2020 to be 6.7 times the volume in the preceding month.
The number of resale flats sold in June 2020 was also 26.7 per cent higher than that of June 2019, when 1,936 transactions were made.
Four-room units were the most popular, making up 40.3 per cent of the flats sold, followed by three-room flats at 26.3 per cent and five-room flats at 24.1 per cent. Executive units made up 7.4 per cent, while the rest were two-room flats.
Despite the high sales figures, resale prices dropped by 0.2 per cent in June compared with May.
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Estimates showed that about 2,450 HDB resale flats were sold in June, up from 364 the month before.. Read more at straitstimes.com.