SINGAPORE — Prices of resale Housing and Development Board (HDB) flats rose 1.8 per cent in the first quarter of 2024, an increase from the 1.1 per cent growth seen in the previous quarter.
SINGAPORE — Prices of resale Housing and Development Board flats rose 1.8 per cent in the first quarter of 2024, an increase from the 1.1 per cent growth seen in the previous quarter.Prices of resale Housing and Development Board flats rose 1.8 per cent in the first quarter of 2024, an increase from the 1.1 per cent growth seen inhe Resale Price Index for the first quarter of 2024 is 183.7, up from 180.4 in the previous quarter, according to data released by HDB on Friday .
The 8 per cent increase is the fastest quarterly increase since the third quarter of 2022, when growth of 10.7 per cent was recorded, Ms Sun said. Compared to the first quarter of 2023, the number of approved applications in the first quarter of 2024 was 2.7 per cent lower. "Moreover, supply has been dwindling since the number of flats that reached dropped last year and is projected to fall further this year."
In its next sales exercise, HDB will offer about 6,800 BTO flats in Jurong East, Kallang-Whampoa, Queenstown, Tampines, Woodlands and Yishun.HDB plans to launch about 19,600 BTO flats in total this year.
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