On the demand side, the first wave of ex-private property owners (PPO) who were waiting out the 15 months’ period to buy a 5-room or larger flat entered the market in January 2024. Some of the ex-PPO may have bought smaller flats instead of waiting out the 15 months. On the supply front, there was more supply of HDB resale flats put up for sale in 1Q 2024, some of these coming those that reached their 5-year MOP in 2022, 2023 and 2024.

The top 5 most popular HDB towns among buyers in 1Q 2024 are Jurong West, Punggol, Sengkang, Woodlands and Yishun. The number of million-dollar flats continued to reach new highs too. HDB resale flat transactions are estimated to be between 25,000 to 27,000 while resale flat prices are likely to consolidate in the range of 3% to 5% this year.

Let’s have a detailed discussion on what suits you best! Contact us today (Click Here)

Stay ahead in the search for your dream home. Sign up (Click Here) on our website for updates and early access to the new Showflat preview!

The post HDB Updates 1Q 2024 appeared first on New Homes Official Launch | (65) 6100 6339.