Nearly 6,400 resale flats sold in Q1, lowest volume in 5 years

The number of resale flats sold have fallen to a five-year low. Nearly 6,400 of such units were transacted in the first quarter of the year. This is down 7.7 per cent from the nearly 7,000 sold in the same period last year. Prices of these flats were up 1.5 per cent, lower than the 2.6 per cent jump in the previous quarter. Meanwhile, home prices in the private property market have moderated, growing 0.6 per cent in the first quarter. This is down from the 2.3 per cent in the previous quarter.