HDB resale prices up 1.5% in Q1

This is slower growth compared to the 2.6% rise in Q4 2024.

The Housing and Development Board (HDB) has reported a 1.5% increase in the Resale Price Index (RPI) for the first quarter of 2025, reaching 200.9.

This marks slower growth compared to the 2.6% rise in the fourth quarter of 2024 and the average quarterly growth of 2.3% in 2024.

The resale transaction volume for the first quarter of 2025, as of 27 March, stands at 6,392, a 7.7% decline from the same period last year, which saw 6,928 transactions. The RPI reflects general price trends in the resale public housing market, with detailed transaction prices available on HDB InfoWEB.

HDB also announced that approximately 5,400 Build-To-Order (BTO) flats will be launched in July 2025 across various locations, including Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh, and Woodlands. Additionally, a second Sale of Balance Flats (SBF) exercise will be held later this year, as part of the Budget 2025 announcement.

Prospective buyers must have a valid HDB Flat Eligibility (HFE) letter to apply for these flats. HDB advises buyers to apply for their HFE letter by 15 May, as application volumes typically peak closer to the sales dates.

To meet the growing demand for housing, HDB will continue to release a substantial number of flats, with more than 50,000 BTO units set to be launched between 2025 and 2027, including 19,600 flats in 2025. This will increase the public housing stock by 11%, with a total of around 130,000 flats to be launched from 2021 to 2027.

As more flats reach their Minimum Occupation Period (MOP), more resale flats will also enter the market, with the number of new flats eligible for resale rising from about 8,000 in 2025 to 19,500 by 2028.

Several new measures will also be introduced in the July 2025 BTO sales exercise to support homeownership aspirations. The allocation for second-timer families applying for 3-room and larger flats will increase by 5 percentage points, benefiting those in need of more space.

Additionally, the Deferred Income Assessment (DIA) scheme will be expanded to include young couples where only one partner is a full-time student or National Serviceman, helping them settle down sooner.

The new Family Care Scheme (Proximity) will also prioritize families applying to live near each other, fostering closer familial support.

Moreover, the Fresh Start Housing Scheme will be enhanced with a larger housing grant to assist public rental households with children in achieving homeownership.