What can moderate the prices of HDB resale flats?

In 2Q23, 21 of the 26 HDB towns saw price gains.

The increase in the Build-to-Order (BTO) and resale flat supply may moderate prices in the HDB resale market by not more than 5% in 2023, according to Huttons.

In a report, Huttons said HDB will launch around 13,000 BTO flats in Sep and Dec 2023.

“With more BTO flats completing in the coming months, there may be more supply of resale flats for sale as owners making a lateral move to a BTO flat will need to sell off their current flat,” Huttons said.

In 2Q23, resale prices grew faster, rising 1.5%. In the same period, 21 of the 26 HDB towns saw price gains.

Whilst the 2Q23 price growth is bigger than 1Q23’s record, it is still lower than the quarterly average of 2.5% in 2022.

“This points to moderation in price growth which may have come about due to HDB ramping BTO supply, price resistance from buyers, lowering of loan-to-value ratio to 80% and 15-month wait-out period for private property owners downgrading to an HDB flat,” Huttons said.

Follow the link for more news on

HDB resale

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

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