Singapore, 02 Apr 2021 The housing market turned in a robust performance in the first quarter of the year, with prices of both private homes and Housing Board resale flats climbing smartly.
The prices of private homes went up for the fourth straight quarter, rising 2.9 per cent in the first three months of this year from the previous quarter, thanks to costlier city-fringe homes and a strong market for landed homes.
HDB resale prices also showed no signs of flagging, climbing 2.8 per cent in the first quarter, according to HDB flash estimates. Year on year, resale prices were up 8 per cent.
Last quarter's HDB resale prices are just 5 per cent lower than their peak in the second quarter of 2013, said Ms Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics.