Prices of HDB resale flats increased for the third consecutive month in Sept, with demand remaining elevated after the nearly two-month-long circuit breaker period. HDB resale prices rose by 0.8 per cent in Sept compared with Aug, a faster rate then the previous two months, and were 3.1 per cent higher year on year. However, they are still 11.4 per cent lower than their peak in Apr 2013. In all, 2,489 HDB resale flats changed hands in Sept, a 2.2 per cent increase from Aug, flash estimates from SRX showed on Thurs. Y-O-Y, resale volume in Sept is 32.7 per cent higher than the previous year. Prices have also increased across the board for all HDB resale flat types compared to a year ago. Four-room flats saw the biggest price increase of 2.7 per cent, followed by three-room and executive flats by 2.5 per cent, and five-room flats by 2.2 per cent. In Sept, the highest transacted price for a resale flat was $1.258 million for a five-room flat at The Pinnacle@Duxton in Tanjong Pagar. It was one of eight HDB resale flats that sold for at least $1 million that month.... Continue Reading