HDB resale prices flatten in February, ending 31-month rally: SRX, 99.co

RESALE prices of Housing and Development Board (HDB) flats stopped increasing for the first time since June 2020, holding steady in February 2023 compared to the month before, according to flash figures released by SRX and 99.co on Thursday (Mar 9).

Notably, the prices of larger flats fell, with the resale prices of five-room flats and executive flats dropping 0.8 per cent and 0.3 per cent respectively.

Property analysts have attributed the decline to lower demand from private home buyers or downgraders who have been affected by the new 15-month waiting period requirements.