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HDB resale prices up 2.9% in Q4 2020 - the biggest quarterly rise in 9 years

This is the 3rd consecutive quarter of increase, despite increasing supply, Covid-19

Published Tue, Jan 5, 2021 · 05:50 AM

Singapore

THE Housing and Development Board (HDB) resale market has remained strong despite macroeconomic uncertainties caused by the Covid-19 pandemic and an increasing supply of flats.

HDB resale prices rose 2.9 per cent in the fourth quarter of 2020, up from a 1.5 per cent increase from the previous three months, said the latest HDB flash estimates released on Monday.