SINGAPORE PROPERTY MARKET: HDB RESALE MARKET (Q2, 2022)
- Pauline Chua Era
- Jul 24, 2022
- 1 min read
Updated: Jul 25, 2022
HDB resale prices rose for the ninth consecutive quarter by 2.8% in Q2, 2022, 0.4% higher than Q1, 2022. The rising price trend is likely due to the delays in construction of Build-To-Order (BTO) flats and the buying preference for larger HDB flats.
Transactions fell for the third consecutive quarter by 1.7% to 6,819 in Q2, 2022. Analysts attribute the fall in resale transactions to the June school holiday, launch of BTO and Sale of Balance Flats in May, and rising interest rates.
(Full Report Attached)
"Touching Lives, Connecting People Through Real Estate."
PAULINE CHUA
Senior Marketing Director
ERA Realty Network Pte Ltd
WhatsApp: wa.me/6586927272
Comments