HDB’s resale price index up 1.6% in Q1 2025

It is lower than the 2.6% increase observed in Q4 2024.

HDB’s resale price index for the first quarter of 2025 increased by 1.6% to 201.0 compared to the fourth quarter of 2024.

It is lower than the 2.6% increase observed in Q4 2024 and the average quarterly growth of 2.3% in 2024.

Resale transactions rose by 2.6% to 6,590 cases compared to Q4 2024. Year-on-year, resale transactions in Q1 2025 were 6.8% lower.

"The HDB resale market exhibited notable resilience as prices rose for the 20th consecutive quarter. However, price growth has slowed for a second consecutive quarter, indicating some price resistance," OrangeTee said.

According to OrangeTee, the number of towns registering quarterly price growth dipped slightly to 19 in Q1 2025 from 20 in Q4 2024.

“Meanwhile, the number of towns experiencing a quarterly price fall had risen from six to seven over the same period,” OrangeTee added.

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