Pauline Chua Era
SINGAPORE PROPERTY MARKET: HDB RESALE MARKET (Q2, 2022)
Updated: Jul 25
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.
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PAULINE CHUA
Senior Marketing Director
ERA Realty Network Pte Ltd
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