HDB Resale Prices Increase by 0.9% in Q2 2025, Slowest Growth Since 2020
In the second quarter of 2025, the prices of HDB resale flats in Singapore rose by 0.9%, marking the third consecutive quarter of slower growth. The resale volume decreased by 5% compared to the same period last year. With upcoming BTO and SBF flat launches, buyers have more options, potentially impacting the resale market.
Prices for public resale flats in Singapore increased by 0.9% in the second quarter of 2025, according to Housing and Development Board (HDB) estimates. This marks the third consecutive quarter of slower price growth, with the lowest quarter-on-quarter increase since Q2 2020.
The resale price index for Q2 2025 decreased from 1.6% in the previous quarter to 0.9%. HDB reported a resale volume of 6,981 transactions up to Jun 29, which is 5% lower than the same period last year.
HDB advised caution in property decisions due to the expected moderation in Singapore's GDP growth for 2025. Ms Christine Sun, from Realion Group, expects modest price growth for the rest of the year, citing stable economic fundamentals and declining interest rates.
July will see the launch of around 5,500 Build-to-Order (BTO) flats in various locations, along with a Sale of Balance Flats (SBF) exercise of about 3,000 flats. The increase in BTO supply may slow down price growth in the secondary market as buyers have more options.
Ms Sun anticipates a market slowdown due to geopolitical tensions and the global trade war. Details on the new flats will be revealed at the July 2025 BTO and SBF exercises, according to HDB.
According to the source: CNA.
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