by OrangeTee & Tie Pte Ltd.

Will Singapore’s public housing prices keep rising this year?

SRX HDB Resale Data

Singapore, 26 Apr 2022

House prices have soared over the world since the Covid-19 pandemic broke out. Concerns have been expressed regarding Singapore's public housing system's affordability, with secondary market prices jumping 12.7% last year.

Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said the pace of the price increase in the public housing market was “quite remarkable given all the global uncertainties right now”

While million-dollar transactions make for dramatic headlines, they only account for a small portion of public housing sales. The average price of a flat in mature estates — residential areas that are more developed and equipped with greater amenities and transportation infrastructure – was S$547,908 last year, according to data from OrangeTee & Tie.

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