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Flash Estimate Of 4th Quarter 2021 Resale Price Index
HDB’s flash estimate of the 4th Quarter 2021 Resale Price Index (RPI) is 155.4, an increase of 3.2% over that in 3rd Quarter 2021 (see Annexes A1 and A2). Based on the flash estimate, resale flat prices have risen 12.5% for the whole year of 2021. The flash estimate is compiled based on the transaction prices of HDB resale flats up till about the third week of December 2021. The RPI for the full quarter, together with more detailed public housing data, will be released on 28 January 2022.
2 The RPI provides information on the general price movements in the resale public housing market. The transacted prices of individual flats (by block and flat type) can be found via the e-services on HDB InfoWEB.
3 On 15 December 2021, the Government announced a package of measures to cool the private and public residential markets. Specifically for HDB flats, the loan-to-value limit for housing loans from HDB has been tightened from 90% to 85% with effect from 16 December. In addition, the Government will also be significantly increasing the public housing supply for at least the next two years.
Upcoming Sales Launches
4 HDB plans to launch up to 23,000 flats per year in 2022 and 2023. Looking ahead, HDB is prepared to launch up to 100,000 flats in total from 2021 to 2025, if needed, subject to prevailing demand.
5 In February 2022, HDB will offer about 3,900 Build-to-Order (BTO) flats in towns/estates such as Geylang, Kallang Whampoa, Tengah and Yishun. In May 2022, HDB will offer about 5,200 to 5,700 BTO flats in towns/estates such as Bukit Merah, Jurong West, Queenstown, Tampines, Toa Payoh and Yishun. This number is subject to review as more project details will be firmed up closer to the launch date. More information on the BTO flats is available on the HDB InfoWEB. HDB will continue to monitor the housing demand and make adjustments where necessary.