Chart of the Day: HDB resale prices up 0.4% in Q4

The ongoing home improvement programme may have hiked demand for older flats.

This chart from the flash estimates by the Housing and Development Board (HDB) reveals that HDB resale prices grew 0.4% QoQ in Q4 2019, from 0.1% in Q3 and 0.2% in Q4 2018.

For the whole 2019, there was no observed change in the resale flat prices.

OrangeTee & Tie head of research & consultancy Christine Sun attributed this growth to policy changes like allowing buyers to use more CPF money to buy HDB flats as well as the ongoing Home Improvement Programme (HIP) that may have improved the demand for older flats.

Sun expects prices to remain flat or expand by 2% in 2020.

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Housing and Development Board

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