HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

Singapore, April 26, 2024

SINGAPORE – Prices of Housing & Development Board (HDB) resale flats rose for the sixth consecutive quarter in the first three months of this year, climbing 1.8% compared to the previous quarter. This acceleration in HDB resale flat prices comes amid continued healthy demand from homebuyers, according to data from the Housing and Development Board (HDB) released on Wednesday (April 26).

“The resale price index for HDB flats rose 1.8% in the first quarter of 2023, compared to a 0.9% increase in the fourth quarter of 2022,” said HDB in a statement.

Analysts attributed the rise in HDB resale prices to a number of factors, including a healthy underlying economy, low interest rates, and a limited supply of new flats.


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