HDB Q1 Resale Price Rise Smallest in 10 Quarters: Flash Estimates

Singapore: Housing board resale flat price growth slowed to 0.9% in Q1 2023. This is the smallest increase compared to the last 10 quarters.

A preliminary Housing Development Board report on Monday (April 3) showed the resale price index (RPI) rose 0.9% to 173.4, slower than the 2.3% rise in the fourth quarter of 2022. .

RPI provides information on typical price movements in the resale public housing market.

This is the 12th straight quarter of RPI growth.

Resale volume for the year through March 30 was 6,880, up 1% from 6,810 in the same period last year.

HDB announced earlier this year that some 5,400 custom homes will be delivered in May in towns and estates such as Bedok, Kallang Whampoa, Serangoon and Tengah. HDB plans to launch He 5,200 to He 6,200 apartments in Bukit Merah, Choa Chukang, Kallangwangpoa, Queenstown and Tenga in August.

Those figures will be reviewed as more project details get closer to the launch date, HDB said on Monday.