Largest sale of balance flats in Feb 2025 to offer over 5,500 HDB units

Four in 10 units will be already completed, others to be completed from 2025 to 2028

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The Housing Board will offer more than 5,500 balance flats for sale in February 2025 – the largest exercise for these flats to date, even as prices continue to rise in the resale market for an 18th consecutive quarter.

About four in 10 units in the Sale of Balance Flats (SBF) launch will be those that are already completed, with the remaining flats to be completed progressively from 2025 to 2028, HDB said on Oct 25.

Meanwhile, in the resale market, prices of HDB resale flats rose 2.7 per cent from July to September, which is a quicker pace than the 2.3 per cent growth in the previous quarter, according to data released by HDB.

A total of 8,142 HDB resale flats changed hands in the same period, up 10.7 per cent from 7,352 units in the previous quarter.

There were 331 million-dollar flat transactions in the third quarter of 2024, accounting for 4.1 per cent of total transactions.

This is higher than the previous quarter when there were 236 such transactions, which made up 3.2 per cent of resale purchases then.