HDB RESALE MARKET TREND
HDB Median Resale Price 4Q 2024
IS IT TRUE THAT HDB PRICE IS ALWAYS GOING UP?
The HDB resale price index peaked in 2013 but was driven down by several government cooling measures until 2020. After the pandemic, property prices surged again — but why? While we saw a slowing trend between 2022 to 2024, could 2025 echo the price correction seen in 2013? Is now the right time to buy or sell?
HDB COOLING MEASURES
HDB has tightened the loan to value limit for housing loan from 90% to 85% in December 2021.
HDB will introduce an interest rate floor of 3% for computing the eligible loan amount.
HDB has tightened the loan to value limit for housing loan from 85% to 80% in September 2022.
HDB has tightened the loan to value limit for housing loan from 80% to 75% in August 2024.
MND introduce a 15 month wait out period for private property owners to moderate demand for HDB and keep them affordable.
DEMAND VS SUPPLY
HDB LAUNCHING UP TO 100,000 FLATS
WHEN THE SUPPLY IS STRONG, WHAT WILL HAPPEN TO THE PRICE?
The increase of huge supply of BTO flats to meet the strong housing demand for HDB resale flat which is probably the root of the price increase. This is also one of the main big reason the price of resale HDB dropped since 2013 before COVID 19.