We sell your home at
better prices
record speed
only 1% commission

Ohmyhome helps you maximize your returns on your property with expert advice and negotiation. Plus, at a low 1% commission fee, you get to keep more profits in your pocket.

HDB Resale Volume: 423 Flats Transacted in April

Ohmyhome

Join our Telegram channel and follow our Facebook page for the latest property updates.

Written by: Guo Zhenhao

As part of the circuit breaker measures, the Housing & Development Board (HDB) has suspended sales transaction appointments and announced the closure of the HDB Hub and its branches. Not surprisingly, the sales volume reached a record low this 2020.

April 2020 saw only 423 flats transacted, an astounding 78.1% lower than the number transacted in April last year. This is lower compared to the HDB’s record in May 1990, when only 778 flats were sold. Here are the months with the lowest HDB sales in the past three decades.

Lowest Sale Months on Record from Jan 1990 to Mar 2020

RankTime PeriodNo. of HDB Flats Transacted
1April 2020 (COVID-19)423
2May 1990 (HDB Regulatory Revamp)778
3Feb 2009 (Global Financial Crisis)1,817
4Apr 2003 (SARS)2,160
5Nov 1997 (Asian Financial Crisis)2,176


Source: Singapore Business Review

According to Ohmyhome’s Private Property Sales Manager, Louis Tay, 50% of the 423 flats transacted in April were purchases made before the circuit breaker measures commenced on 7 April, which does not bode well for the resale volume in May.

Price Breakdown by Flat Category

Across the board, prices for all three-room, four-room, and executive HDB flats decreased. Five-room flats, on the other hand, defied the trend by 0.2% increase.

Resale Flat Price Difference from March 2020 to April 2020

Type of FlatPrice Difference
Three-room Flat-1.5%
Four-room Flat-0.2%
Five-room Flat+0.2%
Overall-1.8%


Source: The Straits Times

Immersive virtual home tours are available at Ohmyhome app, you can inspect units to ascertain the condition of resale homes. Download Ohmyhome from the Play Store or App Store and browse over 10,000 unique listings by homeowners.

Need a professional to help you buy your home during COVID-19?

Talk to our top-notch property agents to make an informed decision today!


Sources: The Straits Times, Singapore Business Review



While the information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the information. The information may change without notice and Ohmyhome is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.

For more about Ohmyhome, follow us on Instagram or subscribe to our YouTube channel.

Subscribe to the property newsletter read by 200,000 homies

Get our finest insights sent straight to your inbox. Enter your best email.
Unsubscribe anytime.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

Our finest insights you'll be looking forward to receive.

Read by 200,000 Homies. Enter your best email below to join in.

Unsubscribe anytime.

SHARE WITH YOUR FRIENDS!

Featured Blogs

Highlighting unique property views for every Singaporean