Prices of HDB resale flats, private homes rise faster in 2Q2022: Flash estimates

Prices of both HDB resale flats and private residential properties are climbing faster in 2Q2022. According to flash estimates, HDB resale prices have risen 2.6% compared to 2.4% in Q1. The steady price growth doesn’t come as a surprise to market watchers. They said Singapore’s strong economic growth and employment rates are boosting buyer confidence. Private home prices were up 3.2% — almost five times the 0.7% increase in Q1. Properties in the Rest of Central Region (RCR) saw the strongest growth. Prices went up by 6%, reversing a 2.7% decline in the previous quarter.

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