2024 Q2 HDB resale prices increased 2.1%, with 7,208 transactions, due to strong demand and supply tightness.

HDB resale prices increased by 2.1% in the second quarter of 2024, with the Q2 resale volume up 14.5% year-on-year to 7,208 transactions. Strong broad-based demand and "supply tightness" contributed to the growth, as fewer flats met the minimum occupation period (MOP) in 2024 compared to 2023. Domestic mortgage rates are expected to remain elevated relative to the low level seen over the past decade.

July 01, 2024
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