{"id":72115,"date":"2024-01-08T16:32:45","date_gmt":"2024-01-08T08:32:45","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=72115"},"modified":"2024-01-08T16:32:45","modified_gmt":"2024-01-08T08:32:45","slug":"hdb-prices-reach-record-high-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/hdb-prices-reach-record-high-2023\/","title":{"rendered":"HDB prices reach record high as 2023 came to a close"},"content":{"rendered":"
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In the wake of a historic high in HDB rentals for November<\/a>, the trend appears to persist as HDB resale<\/a> prices soar to new heights in December. This latest surge provides insights into the real estate market, shedding light on a dynamic landscape as the year closed.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

December 2023 overview<\/strong><\/h2>\r\n\r\n\r\n\r\n

As anticipated, HDB resale transaction volume experienced a minor dip of 6% towards the end of the year, influenced by the holiday season. Mr. Luqman Hakim, Chief Data & Analytics Officer at 99.co, notes, “This decrease aligns with the typical holiday slowdown we observe. However, we anticipate a resurgence in volume during the first quarter of 2024.”<\/span><\/p>\r\n\r\n\r\n\r\n

Closing the year with a significant milestone, HDB resale prices achieved an all-time high, marking a year-on-year increase of 5.8%. Mr. Luqman comments, “While this growth is slightly slower than the 8.8% witnessed in the same period in 2022, it indicates a deceleration in the HDB resale market, suggesting a more stabilised trajectory.”<\/span><\/p>\r\n\r\n\r\n\r\n