2021 saw the HDB resale market climb to new highs, registering price growth of 12.7 per cent. This was the steepest yearly increase since 2010.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said the HDB resale market may see slower price growth this year as buyers become more unwilling to fork out high prices with rising mortgage rates and inflation on the horizon.
"In general, buyers may exercise more prudence in their home purchases. Although not all buyers are affected by the new cooling measures, some may think twice about paying record prices for certain flats," she added.