Singapore HDB resale flats in mature estates down 13.2% to 2,807 units in Q1

The average price slightly increased to S$565,024 in the same period.

The number of HDB resale transactions in mature estates in Singapore dipped in the first quarter of 2022. 

Based on HDB data from data.gov.sg, the number of HDB resale flats sold in mature estates decreased by 13.2 per cent from 3,234 units in Q4 2021 to 2,807 units in Q1 2022.

OrangeTee says the overall average price climbed marginally by 0.4 per cent from S$562,794 to S$565,024 over the same period.

Here’s more from OrangeTee:

The most popular mature estates in terms of transactions were Tampines with 426 transactions, Bedok with 343 transactions, Bukit Merah with 244 transactions, Ang Mo Kio with 244 transactions, and Kallang/Whampoa with 243 transactions (Chart 7). The average price of flats in Tampines was S$552,018 while those in Bedok was S$460,898, Bukit Merah was S$636,231, Ang Mo Kio was S$460,065, and Kallang/Whampoa was S$628,478 (Chart 8). 

Prices of flats rose across 10 out of 15 mature estates last quarter. Flats in Bukit Timah registered the steepest q-o-q increase of 7.4 per cent, followed by Toa Payoh (4.9 per cent), Kallang/Whampoa (3.1 per cent), Tampines (3.0 per cent), and Bukit Merah (2.4 per cent).