HDB resale prices climb at a slower pace of 2.3% in Q1: HDB flash estimates
Despite the moderated growth, 82 flats were sold for at least S$1 million
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Singapore
HOUSING Board (HDB) resale prices climbed 2.3 per cent in Q1 2022, marking the 8th consecutive quarterly growth, according to HDB's flash estimates released on Friday (Apr 1). However, the rise was not as steep as that of Q4 2021 which saw a record growth of 3.4 per cent.
The growth in resale prices last quarter was slowed by the seasonal lull leading up to the Lunar New Year, according to analysts. This is the lowest price growth since Q3 2020, when prices rose 1.5 per cent. On a year-on-year basis, prices rose by 12 per cent.
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