Prices of HDB resale flats, private homes rise at slower pace in Q3: Flash estimates

Prices of resale flats have continued to climb, although at a slower pace. Flash estimates released by the HDB showed the latest resale index at 2.4%, compared to 2.8 % in the previous quarter. Over in the private sector, prices of properties also went up 3.4% in Q3, compared with 3.5% in the previous quarter. The URA said prices in the suburban region rose the most — by 7%. However, analysts said rising interest rates and cooling measures introduced last week will dampen future demand.

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