HDB resale prices rise at a slower 0.9% pace in Q2: flash data
This marks the third consecutive quarter of slowdown in price growth and is the lowest quarter on quarter growth since Q2 2020, flash data from HDB indicated on Tuesday (Jul 1).
It is also the first time since Q2 2020 that resale prices increased by less than 1 per cent, said Huttons Asia's senior director of data analytics Lee Sze Teck.
Transaction volumes of resale flats stood at 6,981 units as at Jun 29, down 5 per cent from the same period the previous year. The increase was due to lower supply of resale flats for sale, which capped activities, said Lee.
However, resale volume was up 5.9 per cent on quarter. Lee noted that activities picked up in the HDB resale market in Q2 due to seasonal factors and the absence of Build-To-Order (BTO) or Sale of Balance Flats (SBF) exercises.
HDB said: 'Singapore's GDP growth for 2025 is expected to moderate from last year. Against this backdrop of slowing economic growth and increasing headwinds arising from escalating global trade conflicts, there are also early signs of moderating labour demand.'
In July, HDB will launch about 5,500 BTO flats in Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh, and Woodlands.
It will also conduct a SBF exercise, offering about 3,000 flats. Together with the 5,590 SBF flats launched in February 2025, the total SBF supply this year will exceed 8,500 flats.
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Business Times
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- Business Times
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