Estimates from SRX and 99.co, a real estate market trading network, show that compared to the previous month, HDB resale prices in mature and non-mature HDB areas rose by 0.7 percent and 0.3 percent respectively last month.

In terms of the type of HDB flats, three- and four-bedroom units rose 0.8 percent and 0.7 percent respectively, while condominium HDB flats rose 0.6 percent. Five-bedroom HDB flats were down 0.6%.

If compared to the same period last year, the overall resale price of HDB flats increased by 7.7%.

In terms of transaction volume, a total of 2,259 units changed hands last month, up 3.2% from the previous month and up 4.8% year-over-year.

In addition, 34 units changed hands for at least a million dollars last month, three fewer than the previous month, accounting for 1.5% of the total number of transactions in May.

Of these, there were eight in Kallang/Huang Po; three each in Redhill, Central and Bedok; and two each in Bishan, Clementi, Woodlands, Malimberi and Queenstown.

The highest resale price was for a five-bedroom unit in The Peak, a private HDB flat in Toa Payoh, which sold for $1.37 million.

The highest resale price in a non-established area was for an executive condominium double-storey HDB apartment in Bukit Batok 25 Street, which sold for $1,088,000.