HDB resale price growth slows down in 2022

For the entire year, prices increased by 9.4%.

Prices continue to grow in the HDB resale market, albeit, at a slower pace in 2022.

Data from 99.co and SRX showed that prices grew by 9.4% for 2022, lower compared to the 13.6% increase in 2021.

In 2023, experts forecast price growth to further moderate given that price resistance has already "started kicking in, following an extended price rally since July 2020."

Overall volume for 2022 likewise decreased from 2021, dropping 8.1% to 26,806 units.

" For 2023, resale volumes are likely to be on par with 2022 or may trend slightly lower as HDB plans to launch another 23,000 BTO flats this year which would divert some demand away," 99.co and SRX commented.

Follow the link for more news on

HDB resale

Also Read

New home sales surge 90% in September led by Rest of Central Region

Portfolio of three freehold co-living properties on sale via EOI

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices