HDB resale prices fall 0.1% in the third quarter, even as transaction volume increases 19.5%, with data released on Friday (Oct 23). Private home prices rise 1.4% over the same period, according to the reports.
Both outlets link the change in HDB resale pricing to overall market activity rather than a sudden surge in certain buyer behaviour. The Straits Times also notes that HDB has not observed a significant increase in resale flats being bought by “private property downgraders” after the easing of a cooling measure. Channel NewsAsia focuses more on the headline figures for resale price movement and trading volume, while The Straits Times adds the specific context of how the cooling measures’ lift is playing out for this group of buyers.
