Singapore: HDB resale prices continue upward trend in April, volumes up 0.2%: SRX,

RESALE prices of Housing and Development Board (HDB) flats continued to rise for the 22nd straight month in April, while volumes inched up from the month before, according to flash estimates from property portal SRX and released on Thursday (May 5).

HDB resale prices saw gains across all room types and locations. Overall prices rose 1.1 per cent month on month and 11.9 per cent on the year.

Mature estate flats saw resale prices rise 1 per cent, while non-mature flats were up 1.2 per cent, compared to the month before. Year on year, mature and non-mature estate flat resale prices were up 9.8 per cent and 13.5 per cent respectively.

By room type, 3-room and 4-room resale prices rose 1.4 per cent and 1.2 per cent respectively; while 5-room and executive flats each gained 0.9 per cent on the month. On a yearly-basis, prices were up 13.2 per cent for 3-room flats, 12.2 per cent for 4-room flats, 11.7 per cent for 5-room flats and 11.9 per cent for executive flats.

HDB resale volumes advanced slightly in April, rising 0.2 per cent from March to 2,273 HDB resale transactions. However, volumes were 2.9 per cent lower year on year.

More than half, or 57.7 per cent, of HDB resale flat deals, were for non-mature estate flats, while 42.3 per cent were from mature estate flats.

About 43.7 per cent of resale volume was for 4-room flats, followed by 25.6 per cent for 5-room flats, 21.8 per cent for 3-room flats and 7.4 per cent for executive flats. The remaining resale volume was from 2-room flats.

The most expensive HDB flat resold was S$1,228,000 for a 5-room unit at Pinnacle@Duxton. Another 4-room flat at the same project was resold for the same price.

Meanwhile, the highest transacted price for a non-mature estate flat was S$958,888 for an executive apartment unit at Woodlands Street 82.

The number of million-dollar HDB flats transacted fell to 22 units in April, from 27 units in March. These transactions represented 1 per cent of the total resale volume for the month.

The Central Area and Clementi recorded 5 such transactions each, followed by Bukit Merah with 4 million-dollar flats resold. The rest of the million-dollar flats were from Serangoon, Toa Payoh, Ang Mo Kio and Bishan.