Sales of HDB resale flats hit 8-year high in 2020 as prices

Sales of HDB resale flats hit 8-year high in 2020 as prices climb 5%


SINGAPORE - The Housing Board resale market ended 2020 on a strong note with flat prices edging up in many locations and buyer demand remaining buoyant despite the Covid-19 pandemic.
Prices of HDB resale flats rose for a third consecutive quarter, climbing 3.1 per cent in the last three months of 2020 compared with the previous quarter, according to data released by the HDB on Friday (Jan 22).
This marks the highest quarterly increase since the third quarter of 2011 when prices rose 3.8 per cent.
For the whole of 2020, prices rose 5 per cent, the steepest increase since the fourth quarter of 2012 when prices rose 6.5 per cent.

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