The Straits Times
Almost 50% more BTO projects launched in mature estates in 2020 than in 2017 to cater to demand: HDB
Projects in mature estates formed 44 per cent of overall Build-To-Order launches in 2017 and 55 per cent last year.ST PHOTO: LIM YAOHUI
https://str.sg/33Dz
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SINGAPORE - Resale prices for Housing Board flats climbed for the fifth consecutive quarter, though the volume of transactions were hit by tightened Covid-19 measures.
Property analysts expect that prices are likely to rise further, with demand outstripping supply in part due to delays in completion for new HDB flats.
In the second quarter of this year, resale prices rose 3 per cent over the previous three months, matching the increase seen in the first quarter, according to data released by the HDB on Friday (July 23). The figure is higher than HDB s initial estimate of a 2.8 per cent rise made three weeks ago.
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