by OrangeTee & Tie Pte Ltd.

Old is gold: Singapore HDBs older than 10 years drive price growth in Q1

URA Quarterly Data

HDB Quarterly Data

Singapore, 05 May 2021

Flats between 10 and 20 years old recorded the highest price growth of 11.1%.

Vaccine optimism and an anticipated global economic upswing stoked a frenzy of property buying activities around the world. According to OrangeTee, the improving global economic outlook lifted consumers’ confidence and the market sentiment for the HDB resale market. 

Demand for HDB resale flats started gaining traction from the second half of last year and resale prices have been inching higher in recent months. 

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