Singapore's HDB resale prices surged 9.6% in 2024 due to high demand and limited supply.

In 2024, Singapore's HDB resale prices rose by 9.6%, driven by high demand and limited supply. Despite this, resale volumes slightly decreased to 6,314 units in Q4, but the annual total increased by 8% to 28,876 units. HDB launched 21,225 new flats in 2024 and plans to release 5,000 more in February 2025. The government urges caution in property purchases due to market volatility.