Some industry experts expect the price of HDB resale flats to increase by around 5% this year
last Friday , stating that the Resale Price Index for the first quarter of this year increased by 1.8 percent.
HDB added, however, that “The economic outlook is subject to uncertainties, particularly stemming from ongoing geopolitical conflicts, which could precipitate negative global supply and demand shocks. The Government will continue to monitor the property market closely and adjust its policies as necessary to promote a stable and sustainable property market.”“Taking various factors into consideration, it is expected that resale prices may rise moderately by up to 5 per cent in 2024.
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