by OrangeTee & Tie Pte Ltd.

HDB flash estimate shows 2.6% q-o-q increase in resale flat prices in 2Q2022

HDB Quarterly Data

Singapore, 03 Jul 2022

Resale price index for 2Q2022 increased by 2.6 percent q-o-q over 1Q2022, according to HDB's flash estimate. This is somewhat more than the q-o-q growth of 2.4% in the first quarter of 2022.

Christine Sun, OrangeTee & Tie senior vice president of research & analytics. “The continued price growth signifies buyer confidence from the reopening of the economy,” she motes. HDB towns in the Central area saw the most significant increase of 18%, y-o-y in 2Q2022. Ang Mo Kio and Serangoon towns led the way with median price growth of 17.5% and 14.2% y-o-y growth respectively in 2Q2022.

Around 4,900 BTO apartments would be made available, according to HDB, in cities including Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Tampines, and Woodlands. Another 9,500 BTO apartments will be put up for sale in neighborhoods including Yishun, Queenstown, Kallang Whampoa, and Bukit Batok. In all, HDB is on schedule to open up to 23,000 additional apartments in 2022.

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