by OrangeTee & Tie Pte Ltd.

HDB resale prices up 2.4% in Q3; may dip in coming months after cooling measures

HDB Quarterly Data

Singapore, 03 Oct 2022

Prices of Housing Board resale flats climbed in the third quarter of 2022, for the 10th consecutive quarter, their surge this year having prompted a fresh round of property curbs aimed at cooling the public housing market.

HDB resale prices rose at a slower pace of 2.4 per cent in the July to September quarter, compared with 2.8 per cent in the second quarter, flash estimates from HDB on Monday showed.

However, analysts said prices are expected to dip in the coming months after the late-night announcement of another round of cooling measures that kicked in on Sept 30.

OrangeTee & Tie senior vice-president of research and analytics Christine Sun said a "stronger market reaction" is expected as the curbs mark one of the most significant rounds of cooling measures imposed on the public housing market in recent times.

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