24/01/2025
๐ก๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐ญ๐๐ญ๐ฌ! ๐๐
The Housing & Development Board (HDB) has released the official 4Q2024 statistics.
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Resilient Growth in Prices: Resale prices climbed by 9.7% in 2024, fueled by tight supply and strong demand for newer and larger flats. ๐กโจ
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Transaction Milestone: 28,986 resale flats soldโthe highest since 2021. ๐ช
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Bigger Flats in Demand: Families are prioritizing larger flat types like executive and five-room units, driving the growth in transactions and reflecting evolving housing needs. ๐๏ธ๐ก
๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐จ๐ซ ๐๐๐๐
With fewer flats (6,976) projected to reach their Minimum Occupation Period (MOP) in 2025โa 41.6% moderation from 2024โresale supply may remain tight. However, HDBโs ramped-up BTO supply of 25,000 flats, including more Shorter Waiting Time (SWT) options, will help balance demand and support diverse housing needs. โณ
๐ Market Insights: Dive deeper into our comprehensive report for a more in-depth analysis here: https://richard-sng.pvyr.me/t/quarterly-hdb-resale-market-trend-2024-q4-and-outlook-2025/0Pa17mSE
๐ก๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐ญ๐๐ญ๐ฌ! ๐๐ The Housing & Development Board (HDB) has released the official 4Q2024 st... Shared by Richard Sng