Resale flat prices in 2023 are still high, although the last quarter of 2022 showed the slowest price increase of the year for resale HDB flats so far at 2.3 per cent. The rate of growth in prices has slowed too, with resale prices rising by 10.4 per cent, which is slower than the 12.7 per cent increase in 2021....
We doubt anyone will be surprised that prices are generally up in most neighbourhoods. But in three mature estates where prices are already high, we may be seeing a ceiling.
This said, the central area is still the most expensive for resale flats , and neither Clementi nor Geylang qualify as cheap compared to other HDB towns.Pasir Ris remains the most inexpensive mature town to stay in. Prices average $636,879, up by 4.7 per cent from 1H 2020. Due to the low quantum, this is one of the rare mature towns where a first-time home buyer might be able to afford a 5-room right now.
Pasir Ris is also about as far east as you can get: mature or not, those who work in the CBD or in the west will find it a hassle.The regional centre of the east – prices in Tampines average $660,266, up by a substantial seven per cent since 1H 2020.
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