Singapore’s HDB announces upcoming release of 6,800 BTO flats amid a slowing resale market

HDB plans to launch 6,800 flats in October and another 6,000 in December 2023. The 3rd Quarter 2023 Resale Price Index shows a 1.2% growth, slower than previous quarters.

Dr Tan Tee Khoon from PropertyGuru suggests the HDB resale market might be peaking, with a notable rise in million-dollar transactions but a decline in overall volume. Demand remains for larger flats, but prices may peak by year-end.