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by OrangeTee & Tie Pte Ltd.

HDB resale prices climb for 5th straight quarter but at slower pace of 2.8%: Flash data

URA Quarterly Data

URA Quarterly Data


Singapore, 01 Jul 2021

SINGAPORE - Housing Board resale prices climbed for the fifth consecutive quarter but eased from recent highs, flash estimates released on Thursday (July 1) showed.

Resale prices rose 2.8 per cent in the three months to June this year from the previous quarter, compared with a 3 per cent rise in the first quarter.

Year on year, HDB resale prices were up by 10.8 per cent.

Last quarter's HDB resale prices were just 2.1 per cent lower than their peak in the second quarter of 2013, said Ms Christine Sun, real estate agency OrangeTee & Tie's senior vice-president of research and analytics.

At the current pace of price growth and increased demand, prices are likely to reach the 2013 peak in the second half of this year, she added.

For the first half of this year, resale prices increased by 5.9 per cent, this was within her full-year estimates of 5 to 9 per cent, said Ms Sun. Median prices of resale flats rose in 20 out of 26 towns, said Ms Sun. 

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