Chart of the day: HDB resale flats price index grows 3.4% in Q4 2021

This is due to the low supply caused by construction delays.

The sales price index for the HDB resale flats went up by 3.4% quarter-on-quarter (QoQ) to 128.69 in the last three months of 2021, a chart from analyst PropertyGuru indicated.

In the Singapore Property Market Report Q1 2022, the analyst said the low supply caused by construction delays for both private developments and HDB housing resulted in the upsurge of the resale price.

Meanwhile, median per square foot sale prices for HDB resale flats listed on PropertyGuru Singapore has increased since pre-pandemic times, rising for 14 straight quarters, increasing 1.20% QoQ in the fourth quarter of 2021.

The appetite for HDB resale flats was triggered by HDB upgraders and buyers affected by the build-to-order flat construction delays. Further, the slow construction works pushed young couples into the resale market.

As the Singapore government declared its plans to raise the number of new flats, PropertyGuru said supply is likely to be fully restored in the next four to five years.

Follow the link s for more news on

Housing and Development Board

Property Guru

HDB resale

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia