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HDB resale prices increase by 0.2% in December 2022 compared to November 2022. Mature Estates prices remain unchanged and Non-Mature Estates prices increase by 0.3%, as compared to November 2022. In terms of room types, 3 Room prices increase by 0.6%, 4 Room prices rise by 0.2%, 5 Room prices increase by 0.3% and Executive prices decrease by 0.4%.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, the overall price increase is 9.4%. This is lower than the price growth in 2021 which was 13.6%.
- Year-on-year, prices for all room types increaseover December 2021: 3 Room by 9.5%, 4 Room by 10.1%, 5 Room by 9.8% and Executive by 10.2%.
- Mature and Non-Mature Estates prices increase by 8.0% and 10.4% respectively from a year ago.
- 2,242 HDB resale flats are transacted in December 2022, representing a 4.8% increase from November 2022.
- Year-on-year, resale volumes in December 2022 are 7.7% lower than the previous year.
- In 2022, total resale volumes are 8.1% lower than 2021.
- Breaking it down by room type, in December 2022, 44.4% of the volumes come from HDB 4 Room, 21.9% from 5 Room, 25.4% from 3 Room and 5.9% from Executive. The rest are from other room types.
- Breaking it down by estate, 61.5% of the resale volumes in December 2022 come from Non-Mature Estates. The remaining 38.5% in the month are from Mature Estates.
- The highest transacted price for a resale flat in the month is achieved at $1,300,000 by an Executive Maisonette unit at Toh Yi Drive.
- In Non-Mature Estates, the highest transacted price is achieved at $1,038,000 by an Executive Maisonette unit at Hougang Street 21.
- In December 2022, there are 28 HDB resale flats transacted for at least $1,000,000, representing a slight increase from November 2022 which recorded 26 such units.
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The number of million-dollar flats sold comprise 1.2% of the total resale volumes in the month.
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Bishan records five million-dollar flats sold in the month, followed by Bukit Merah, Central Area and Toa Payoh with three units while Ang Mo Kio, Bukit Timah and Queenstown each record two units.
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The rest of the million-dollar flats come from Kallang/Whampoa, Woodlands, Serangoon, Marine Parade, Jurong East, Hougang, Geylang and Clementi.
