HDB resale prices climb 2.8% in Q2, transaction volumes fall
Jul 22, 2022
THE second quarter of 2022 saw a continued rise in Housing Board (HDB) resale prices compared to Q1, according to figures released by HDB on Friday (Jul 22).
The resale price index for Q2 was logged at 163.9, 2.8 per cent higher than that in the previous quarter.
Resale transactions declined by 1.7 per cent to 6,819 cases from 6,934 the previous quarter. Year on year, transactions were 3.5 per cent lower.
Five-room flats in Queenstown registered the highest median resale price of S$875,000 in the second quarter, as well as the highest median rent at S$3,200.
The number of approved applications to rent out HDB flats fell by 8.6 per cent to 9,309 cases compared to 10,189 cases in Q1 of 2022. This was 15.2 per cent lower than the number of approved applications in the same quarter the previous year.
As at the end of Q2, there were 56,014 flats rented out – down 0.6 per cent from 56,340 units the previous quarter.
In August, HDB will offer about 4,900 build-to-order (BTO) flats spread across Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Tampines and Woodlands. A further 9,500 BTO flats will be offered in November in Bukit Batok, Kallang Whampoa, Queenstown and Yishun.
The board said it is on track to launch up to 23,000 new flats in 2022.
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