HDB resale prices rise for 23rd straight month

Rising demand: A construction site at a public housing estate. Up to 23,000 new HDB flats are expected to be launched this year. — Bloomberg

SINGAPORE: Prices for Housing and Development Board (HDB) resale flats edged up for the 23rd consecutive month in May even as fewer units changed hands, suggesting that demand is continuing to outstrip supply, according to flash data from real estate portals 99.co and SRX.

In May, the non-mature estate of Woodlands and Pasir Ris lodged their first million-dollar HDB resale flats.