November 18, 2024
Rising HDB Home Prices: What's Driving Them and What It Means for the Market
HDB resale prices continue their upward climb, with the Housing & Development Board’s Resale Price Index reaching 192.9 in the third quarter of 2024, up 2.7% from the previous quarter. So, what’s driving this demand in the HDB resale market when many first-time buyers are opting for Build-To-Order (BTO) flats, and private homeowners looking to downsize are often subject to the 15-month wait rule?