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SINGAPORE: HDB resale costs skilled a 0.5% month-on-month (MoM) improve in February, in line with information from 99-SRX, marking a steady upward development. This marks a considerable 6.4% rise in costs year-on-year.
The report signifies that each mature and non-mature estates contributed to the general surge, with mature estates witnessing a 0.5% MoM improve and non-mature estates following intently with a 0.3% MoM rise.
Throughout numerous room sorts, the 4 Room class led the worth surge, boasting a big 9.6% MoM improve. In distinction, 5 Room costs skilled a slight dip of 0.4% MoM. In the meantime, 3 Room and Government classes noticed respective will increase of 0.9% and 0.7% MoM.
Regardless of the constructive worth development, the HDB resale market skilled a dip in gross sales quantity in February, with 2,134 items transacted, marking an 18.8% MoM lower.
Nevertheless, a noteworthy 15.4% YoY improve in resale quantity was noticed in February 2024.
The 4 Room class dominated the market, representing 42.5% of the resale transactions in February, adopted by 3 Room (24.9%), 5 Room (23.1%), and Government (6.4%).
By way of the distribution by property, non-mature estates accounted for almost all of transactions at 64.3%, leaving the remaining 35.7% attributed to mature estates.
The submit HDB resale costs continued to climb upwards in Feb appeared first on The Impartial Singapore Information – Newest Breaking Information
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