This press release provides the data for the HDB resale and rental market in 4th Quarter 2021.

HDB Resale Market

2        The Resale Price Index (RPI) for 4th Quarter 2021 is 155.7, an increase of 3.4% over that in 3rd Quarter 2021 (see Annex A).  The RPI for the whole year of 2021 registered an increase of 12.7%.

3        Resale transactions fell by 5.8%, from 8,433 cases in 3rd Quarter 2021 to 7,940 cases in 4th Quarter 2021 (see Annex B).  Compared to 4th Quarter 2020, resale transactions in 4th Quarter 2021 were 3.9% higher. For the whole year of 2021, resale transactions increased by 25.3%, from 24,748 cases to 31,017 cases.   

4        The median resale prices in the various towns in 4th Quarter 2021 are tabulated in Annex C.

5        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 2021. In addition, the Government will also be significantly increasing the public housing supply over the next two years, to meet the strong housing demand from Singaporean households. 

HDB Rental Market

6        The median rents in the various towns in 4th Quarter 2021 are tabulated in Annex D.

7        The number of approved applications to rent out HDB flats rose by 1.3%, from 10,417 cases in 3rd Quarter 2021 to 10,551 cases in 4th Quarter 2021 (see Annex E). Compared to 4th Quarter 2020, the number of approved applications in 4th Quarter 2021 was 24.5% higher. As at the end of 4th Quarter 2021, there were 56,596 HDB flats rented out, a drop of 1.3% over the previous quarter (57,321 units).

Upcoming Sales Launches

8        HDB plans to launch up to 23,000 flats per year in 2022 and 2023, across mature and non-mature towns. Looking ahead, HDB is prepared to launch up to 100,000 flats in total from 2021 to 2025, if needed, subject to prevailing demand.

9        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.