HDB price index hits record high
HDB’s flash estimate of 140.0 for the second quarter of 2009’s resale price index (RPI) marks an all-time high for the statistical record.
PropNex CEO Mohamed Ismail attributes this surprising increase to the obvious continued demand for HDB resale flats to the low or non-existent cash-over-valuation (COV) for most, especially larger, HDB flats.
“The popularity of resale flats is holding well against BTO and DBSS projects. Furthermore,” he explains, “the feedback from the ground is that demand in the matured estates far exceeds supply.”
Mohamed Ismail does not expect the RPI to rise much further, and predicts the next two quarters to see the index hover around the 140 level.
Enjoy our Content?
If it is of any consolation, know that you are not alone in this real estate journey. Let us show you the way to make this journey an interesting and enjoyable one!
Suggested Reads
Upcoming Events
View moreYou may like
PropNex Partners with BYD to Drive a More Sustainable Future & Extends Sponsored Health Screening to all 13,600* Self-Employed Salespersons
July 21, 2025
Developers' Sales Eased In June On Limited New Project Launches During The School Holidays; Primary Market To Get Lively In July And August
July 16, 2025
PropNex Marks 25th Anniversary With Over $30m In Community Initiatives, Launch Of New Book And A New CEO
July 15, 2025
PropNex's Consumer Survey Shows 7-In-10 Respondents Do Not Expect Home Prices To Fall In Next 12 Months; Easing Interest Rates Seen As Motivation To Buy A New Home By Half Of Those Polled
July 11, 2025
PropNex's Comments On The Revision To The Seller's Stamp Duty (SSSD) On 4 July 2025
July 04, 2025
Private Home Prices And HDB Resale Flat Prices Rose At A Slower, More Sustainable Pace In Q2 2025, Flash Estimates Showed
July 01, 2025
