Latest transaction number dropped

Housing Board (HDB) resale flat prices dipped by 0.3 per cent last month as transactions fell by 8.5 per cent, according to flash estimates released by property portal SRX Property yesterday. Upcoming new launch condo include Parc Botannia while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences. Parc Botannia prices and Parc Botannia showflat will be available shortly.

Last month, 1,074 flats were sold, down by 8.5 per cent from 1,174 units in January. Compared with February last year, the latest transaction number was a drop of 10.9 per cent.

The volume of resale units peaked at 3,649 units in May 2010.