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by OrangeTee & Tie Pte Ltd.

Q1 HDB resale prices flat amid Covid-19 outbreak: Flash estimates

HDB Quarterly Data

Q1 2020


Singapore, 02 Apr 2020

The HDB resale price index remained unchanged in Q1 2020 based on HDB flash estimates. This is following a series of Government policy changed from 2019 that enhanced housing grants for first-time buyers, among other things.

OrangeTee and Tie's head of research and consultancy Christine Sun said prices of HDB resale flats are usually not subject to volatile swings, as most people purchase flats for themselves to live in and not for speculation. However, the Covid-19 outbreak may negate the positive impacts of the policy changes that were implemented.

"There could be limited upside for major price growth this year and prices are likely to continue trending sideways in the coming months," she said.


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