Highest volume of transactions since Oct 2012

EVEN as Housing Board resale flat prices inched down in the past month, the number of units that changed hands stood at its highest since October 2012.

Overall resale prices continued a relatively flat trend of the past year, dipping only 0.1 per cent last month, according to latest flash figures from SRX Property.

This was led mainly by five-roomer prices which slid 0.9 per cent. Three-room and executive flat prices rose 0.6 per cent and 0.1 per cent respectively while four-roomer prices stayed flat. Upcoming executive condo include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The Visionaire EC, Parc Life EC , Waterwoods EC, Signature at Yishun, Skypark Residences, Wandervale EC, The Vales EC, The Criterion EC, Bellewaters EC, Bellewoods EC.

The volume of transactions last month, however, rose to 1,828 units – a 10.3 per cent climb from the 1,657 flats transacted in March.

According to SRX Property, this is the highest volume since October 2012, when 1,955 units changed hands. This was just before property cooling measures such as the Additional Buyer’s Stamp Duty and Total Debt Servicing Ratio were introduced in 2013.

Despite this, resale volume last month still stood far from a market rebound. The numbers are down almost 50 per cent from the peak of 3,649 units in May 2010.

Overall, HDB resale flats transacted last month mostly went at their market value.

executive condo photo 9