With more HDB flats reaching their minimum occupation period, the rise in resale prices are expected to be lower in 2022.
A few factors, such as the greater supply of resale flats, more BTO launches, and easing of construction bottlenecks, are expected to slow the increase in prices.
Ms Christine Sun, senior vice-president of research and analytics at property firm OrangeTee and Tie, said that the highest number of flats that are past minimum occupation period for 2021 will be located in Bukit Batok, Punggol, Sembawang, Woodlands and Bukit Merah.
“The spike in housing supply may exert some downward pressure on prices in these locations. Therefore, some areas may see prices rising at a much slower pace this year,” she said.