Singapore, 22 Oct 2021 Resale Prices of HDB flats hit a new high in the third quarter of 2021, and it was also the fastest nine-month growth in more than a decade.
The HDB Resale Price Index rose by 2.9 per cent in the third quarter, and surpassed the previous peak in 2013.
This is the steepest three-quarter increase in more than a decade when prices rose by 11.3 per cent over the first three quarters of 2010, noted Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie.
Ms Sun said sales were robust despite the Hungry Ghost Festival and viewing restrictions imposed during the three-month period as demand is currently outstripping supply in many locations.