by OrangeTee & Tie Pte Ltd.

HDB resale transactions rise 2.7% in 2019 as prices remain flat

HDB Quarterly Data

Q4 2019

Singapore, 23 Jan 2020

The HDB resale market staged a surprising turnaround in the second half of last year as both prices and sales volume rebounded after a series of policy changes were implemented in recent months.

A number of important changes were made last year such as allowing buyers greater flexibility in using CPF to buy older flats and enhancing the CPF Housing Grant to increase housing affordability for more Singaporeans.

In 2019, 23,714 resale transactions were recorded, 2.7 per cent higher than the 23,099 units sold in 2018, reaching a seven-year high. HDB resale prices have also rebounded in the second half of last year, with a second consecutive uptick of 0.5 per cent in Q4 2019 after rising marginally by 0.1 per cent in the preceding quarter. For the whole of 2019, prices rose marginally by 0.1 per cent.

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