SINGAPORE'S public housing boom saw more resale flats changing hands than at any time in the past nine years, on the back of an economic recovery in the second half of last year.

Home buyers booked 13,200 new flats in the same period - the highest number in five years.

The Housing Board's annual report for the year ended March, released yesterday, showed 39,320 HDB resale transactions - a 38 per cent jump from the previous financial year's.

The number of new flats booked was also up 34 per cent from the previous year's.

The last time figures were at such levels was nine years ago, when 41,059 resale flats changed hands for the year ended March 2002.

Industry analysts say such record numbers - due to the turnaround and the spillover effect from the private sector - will not be seen again for a while, as the Government continues to take steps to cool Singapore's red-hot housing market.

A year of record sales