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HDB resale prices climb 2.8% in Q2, transaction volumes fall

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Michelle Zhu

Michelle Zhu

Published Fri, Jul 22, 2022 · 09:16 AM
    • As at the end of Q2, there were 56,014 flats rented out – down 0.6 per cent from 56,340 units the previous quarter.
    • As at the end of Q2, there were 56,014 flats rented out – down 0.6 per cent from 56,340 units the previous quarter. PHOTO: LIM YAOHUI, ST

    THE second quarter of 2022 saw a continued rise in Housing Development Board (HDB) resale prices compared to Q1, according to figures released by HDB on Friday (Jul 22).

    The resale price index for Q2 was logged at 163.9, 2.8 per cent higher than that in the previous quarter.

    Tan Tee Khoon, country manager for PropertyGuru Singapore, attributes the rising prices to build-to-order (BTO) flat construction delays which continue to push young families toward the HDB resale market.

    HDBSingapore propertyHousing

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