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by OrangeTee & Tie Pte Ltd.

The month of April bought an increase of 2.8% in the resale prices of HDB units

SRX HDB Resale Data

SRX HDB Resale Data


Singapore, 28 Apr 2021

For the 4th quarter of a year in a row, HDB units recorded a price increase, this time of 2.8%. Over the past three quarters, the prices of these units grew slowly yet steadily. Thus, the price increases summed up by the first three months of 2021 got the increase mentioned previously. From one year to another, the overall increase is 8%, which shows the steady interest of homebuyers in these types of units.

Ms. Christine Sun, who is the senior vice-president of research and analytics at Orange Tee & Tie, made a comparison between the peak recorded by HDB units, which took place in the 2nd quarter of 2013, and notices that today’s prices were just 5% lower than that peak. In other words, if the price increases continue in the same manner, the last half of 2021 may bring along a new peak in this sector, one that will subclass the one in 2013.

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