SINGAPORE — Prices for resale Housing and Development Board (HDB) flats rose 2.3 per cent in the fourth quarter of 2022, the slowest increase in the year.
Data from HDB on Friday showed that transactions fell by 12.6 per cent in the last quarter of 2022 compared with the preceding quarter.
Compared with the same period in 2021, the number of approved applications in the fourth quarter of 2022 was 19.7 per cent lower. At the end of the fourth quarter of 2022, there were 56,647 HDB flats rented out, an increase of 0.5 per cent over the previous quarter.In February, HDB will offer about 4,400 Build-to-Order flats in areas such as Jurong West, Kallang Whampoa, Queenstown, and Tengah.
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Prices for resale HDB flats rise 2.3% in Q4, slowest increase in 2022Resale transactions in the fourth quarter of 2022 fell by 12.6 per cent.
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