SINGAPORE: Prices of resale Housing and Development Board (HDB) flats increased by 1.5 per cent and resale transactions fell to the lowest in three years in the second quarter of 2023. The Resale Price Index (RPI) for the second quarter of 2023 is 176.2, an increase of 1.5 per cent from the previous quarte
The resale volume for the second quarter is the lowest in the last three years since the third quarter of 2020, said HDB.
There are seasonal factors at play when it comes to resale volume, more so than for resale flat prices, said HDB. Compared to the second quarter of 2022, the number of approved applications in the second quarter of 2023 was 5.7 per cent higher, according to HDB data. HDB added that the next sales exercise will be held at the end of September or early October instead of the usual end August to early September 2023 period.
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