HDB Q3 resale volumes lowest in three years

A total of 6,592 HDB flats were resold during the quarter, HDB said.

A total of 6,592 HDB flats were resold in the third quarter of 2023, 2.9% higher than in Q2– but 9.7% lower than the same period last year, when 7,298 flats were resold.

This is the lowest Q3 resale volume since 2020, HDB’s flash estimates said.

The Resale Price Index (RPI) is 178.4 for Q3, 1.2% higher than in Q2, although slower than the 1.5% growth during the past quarter.

ALSO READ: HDB resale prices rise 7.2% YoY in August

The RPI is also lower than the average quarterly growth of 2.5% in 2022.

The RPI provides information on the general price movements in the resale public housing market.

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