This press release provides the data for the HDB resale and rental market in 1st Quarter 2021.

HDB Resale Market

2 The Resale Price Index (RPI) for 1st Quarter 2021 is 142.2, an increase of 3.0% over that in 4th Quarter 2020 (see Annex A).

3 Resale transactions fell by 0.8%, from 7,642 cases in 4th Quarter 2020 to 7,581 cases in 1st Quarter 2021 (see Annex B). Compared to 1st Quarter 2020, resale transactions in 1st Quarter 2021 were 28.6% higher.

4 The median resale prices in the various towns in 1st Quarter 2021 are tabulated in Annex C.

HDB Rental Market

5 The median rents in the various towns in 1st Quarter 2021 are tabulated in Annex D.

6 The number of approved applications to rent out HDB flats rose by 26.0%, from 8,472 cases in 4th Quarter 2020 to 10,676 cases in 1st Quarter 2021 (see Annex E). Compared to 1st Quarter 2020, the number of approved applications in 1st Quarter 2021 was 7.9% lower. As at the end of 1st Quarter 2021, there were 58,171 HDB flats rented out, a decrease of 1.6% over the previous quarter (59,092 units).

Upcoming Sales Launches

7 In May 2021, HDB will offer about 3,800 Build-To-Order (BTO) flats in Bukit Merah, Geylang, Tengah and Woodlands. In August 2021, HDB will offer about 4,900 BTO flats in Hougang, Jurong East, Kallang Whampoa, Queenstown and Tampines. More information on the BTO flats is available on the HDB InfoWEB. Given the economic uncertainty due to COVID-19, HDB is monitoring the housing market closely and will calibrate the supply if required.

Release Of 1st Quarter 2021 Public Housing Data