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HDB resale prices rise for 8th straight quarter, up 2.4% in Q1

Property consultants say gains may have been stoked by demand for larger flats and those in pricier city-fringe areas

Published Sat, Apr 23, 2022 · 05:50 AM

Singapore

HOUSING Board (HDB) resale prices rose for the eighth consecutive quarter in the first quarter of 2022, up 2.4 per cent from the fourth quarter of 2021, HDB announced on Friday (Apr 22).

According to ERA Realty head of research and consultancy Nicholas Mak, prices were driven by appreciation in larger flats. He noted that in the 3 months, median prices of 5-room and executive flats increased 2.6 per cent and 2.8 per cent quarter on quarter respectively.