by OrangeTee & Tie Pte Ltd.

HDB resale prices rise 3% in Q2, transactions fall amid Covid-19 curbs

HDB Quarterly Data

HDB Quarterly Data

Singapore, 23 Jul 2021

[SINGAPORE] Resale prices for Housing Board flats climbed for the fifth consecutive quarter, though the volume of transactions were hit by tightened Covid-19 measures.

Property analysts expect that prices are likely to rise further, with demand outstripping supply in part due to delays in completion for new HDB flats.

In the second quarter of this year, resale prices rose 3 per cent over the previous three months, matching the increase seen in the first quarter, according to data released by the HDB on Friday. The figure is higher than HDB's initial estimate of a 2.8 per cent rise made three weeks ago.

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