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

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IndependentSG /  🏆 9. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: SBRMagazine - 🏆 13. / 51 Read more »