by OrangeTee & Tie Pte Ltd.

Sharp rise in prices for HDB resale flats, private homes

URA Quarterly Data

URA Quarterly Data

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. Year on year, private home prices have risen by 6.2 per cent, with most of the increase - over 5 per cent - taking place over the last two quarters, analysts said.

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.

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