Homebuyers flock to resale market as fewer BTO launches drive HDB resale prices up in April

📆 08.05.2024 07:30:00
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'The higher grants available to first-time buyers have made it more affordable and accessible to purchase a resale flat.' — OrangeTee Group

SINGAPORE: HDB resale prices experienced a significant uptick in April, rising by 0.9% month-on-month and 6% year-on-year , according to data from 99.co and SRX.

“The higher grants available to first-time buyers have made it more affordable and accessible to purchase a resale flat,” Ms Sun explained. Wong Siew Ying, PropNex’s Research and Content Head, indicated that the resurgence in resale transactions has contributed to higher prices.

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Homebuyers turn to resale market amid fewer BTO launchespemResale prices in April were up 0.9% MoM and 6% YoY. /em/p pProperty analysts said a lower volume of build-to-order (BTO) flat launches may have pushed homebuyers to the secondary market, contributing to the price increase of Housing and Development Board (HDB) resale flats in April.
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