Mind the gap opening up as HDB resale market slows while million-dollar sales spike
Greater BTO supply, including flats with shorter waiting times, may continue moderating resale demand and broad-based price growth despite strength in premium transactions.
The HDB Resale Price Index fell 0.3 per cent quarter on quarter in Q2, following a 0.1 per cent decline in Q1.
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[SINGAPORE] According to the Housing & Development Board’s (HDB) latest data, resale flat prices fell in the second quarter, with the HDB Resale Price Index moderating by 0.3 per cent quarter on quarter following a 0.1 per cent quarterly decline in Q1.
Resale volume in Q2 was up slightly versus that in the first quarter, but was down on a year-on-year basis.
An increase in the supply of HDB Build-To-Order (BTO) flats, including units with shorter waiting times, has likely helped moderate demand for resale units.