HDB resale flat prices increased by 0.9% in first quarter 2023, the lowest increase in the past 10 quarters. The Resale Price Index (RPI) tracks the changes in prices of previously owned public housing units. Including Q1 2023, The RPI has been increasing for 12 straight quarters.
The Resale Price Index (RPI) was up 0.9%, according to a flash estimate released by HDB on April 3. This is lower than the 2.3% annualized growth seen in the fourth quarter of 2022.
The resale volume for this year up to March 30 is 6,880, which is 1% higher than the resale volume for the corresponding period last year, which was 6,810.
HDB announced earlier this year that in May, they would be offering around 5,400 Build-To-Order flats in areas like Bedok, Kallang Whampoa, Serangoon, and Tengah. Between 5,200 and 6,200 flats in Bukit Merah, Choa Chu Kang, Kallang Whampoa, Queenstown, and Tengah are set to be released by HDB in the month of August.
These estimates will be revised as more information about the projects is finalized in the coming weeks and months.