HDB resale prices rise 2.4% in Q1 in Singapore

·Finance Editor
·1-min read
HDB resale prices rise 2.4% in Q1 in Singapore.
HDB resale prices rise 2.4% in Q1 in Singapore.

SINGAPORE — Resale flat prices in Singapore rose 2.4 per cent in the first quarter from the previous quarter, Housing and Development Board (HDB) data on Friday (April 22) showed.

This was slightly higher than the 2.3 per cent rise in flash estimates released by the HDB earlier this month.

Still, Q1's rise was still at a slower pace compared to the record 3.4 per cent increase posted in the fourth quarter of 2021.

The resale price index, which tracks the overall price movement of the public residential market, was 159.5 in the first quarter, up from 155.7 in the last quarter of 2021, the data showed.

There were 6,934 HDB resale transactions between January and March, a drop of 12.7 per cent from the fourth quarter.

By flat type, four-room flats were the most popular, with 2,954 resale applications registered in the first quarter. This was followed by five-room flats with 1,731 applications and three-room flats with 1,647.

(Source: HDB)
(Source: HDB)

Next month, the HDB will offer about 5,300 Build-To-Order (BTO) flats in towns and estates such as Bukit Merah, Jurong West, Queenstown, Toa Payoh and Yishun.

In August 2022, the HDB will offer about 6,300 to 6,800 BTO flats in towns and estates such as Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Queenstown and Woodlands. This number is subject to review as more project details will be firmed up closer to the launch date.

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