15 August 2021
[HDB Resale Property Market]
HDB resale price index has been on the upward trend since 2Q 2019, and at a more significant rate since 2Q 2020.
From the COVID-19 outbreak in migrant worker dormitories last year to disruptions in the supply chain for construction materials and restrictions on the entry of foreign labour, the ongoing pandemic has impacted the supply of public housing.
In April 2021, the Ministry of National Development warned that about 85% of BTO projects were about six to nine months behind schedule.
These delays have sparked greater demand for resale flats among home buyers.
The current situation where demand exceeds supply has resulted in rising prices of resale flats.
PAULINE CHUA Senior Marketing Director ERA Realty Network Pte Ltd Whatsapp: wa.me/6586927272