HDB resale volumes decline 28.2% MoM in February

Costs stayed the similar for the primary time in additional than two years.

Greater than 1,800 HDB resale apartments have been offered in February 2023, which declined 28.2% from January 2023, SRX and knowledge printed.

12 months-on-year (YoY), resale volumes fell 2.9% from the former 12 months. In step with room kind, 43% come from HDB 4 Room, 27.5% from 3 Room, 22.8% from 5 Room and six.6% from Government. In step with property, 60.9% of the resale volumes are from Non-Mature Estates while 39.1% within the month are from Mature Estates. 

HDB resale costs stayed the similar in February 2023 in comparison to January 2023. Mature estates and non-mature estates costs lower marginally by way of 0.1% in comparison to the month sooner than.

As in step with room varieties, 3 Room costs build up by way of 0.3%, 4 Room costs keep flat whilst 5 Room costs lower by way of 0.8% and Government costs lower by way of 0.3%.

However on a annually foundation, the whole worth went up 8.3% from February 2022. Costs for all room varieties larger over February 2022, 3 Room by way of 9.0%, 4 Room by way of 9.4%, 5 Room by way of 6.6% and Government by way of 6.2%.

Mature and Non-Mature Estates costs grew by way of 7.4% and eight.4% respectively from a 12 months in the past.

The perfect transacted worth for a resale flat within the month used to be at $1.34m by way of a 5-Room unit at The Pinnacle @ Duxton. 

In Non-Mature Estates, the most costly used to be at $1,080,000 by way of an Government Condominium at Woodlands Boulevard 81.

Pow Ying Khuan, Head of Analysis, 99 Staff, mentioned resale volumes dipped to the bottom since Would possibly 2020 after a surge of transaction within the first month of the 12 months.

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