HDB resale volume jumps 26.1% in March, prices inch up 0.2%: SRX

There were 1,657 HDB resale transactions in March, up from the 1,314 units sold in the previous month, according to according to flash estimates from real estate portal SRX Property on Thursday.THE volume of Housing Board resale flats grew by 26.1 per cent in March, marking the highest jump in eight months since August last year.

OrangeTee & Tie research head Christine Sun noted that the increase in resale volume in March could be seasonal as there were similar trends in the past two years.HDB resale volume rose 58.7 per cent in March last year and 75.4 per cent in March 2017.Property activities typically pick up after the Chinese New Year festive celebrations as sellers and buyers become more active in listing and searching properties, she noted.

Resale flats in mature estates saw their prices drop 0.1 per cent, while those in non-mature estates were up 0.5 per cent as compared with February. The Government is also due to release more details on the Home Improvement Programme II and the Voluntary Early Redevelopment Scheme programmes.

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