149 views
Photo by Victor on Unsplash

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

Join Singapore Business Review community
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!