This press release provides the data for the HDB resale and rental market in 3rd Quarter 2021.

HDB Resale Market

2 The Resale Price Index (RPI) for 3rd Quarter 2021 is 150.6, an increase of 2.9% over that in 2nd Quarter 2021 (see Annex A).

3 Resale transactions rose by 19.4%, from 7,063 cases in 2nd Quarter 2021 to 8,433 cases in 3rd Quarter 2021 (see Annex B). Compared to 3rd Quarter 2020, resale transactions in 3rd Quarter 2021 were 8.3% higher.

4 The median resale prices in the various towns in 3rd Quarter 2021 are tabulated in Annex C.

HDB Rental Market

5 The median rents in the various towns in 3rd Quarter 2021 are tabulated in Annex D.

6 The number of approved applications to rent out HDB flats fell by 5.1%, from 10,979 cases in 2nd Quarter 2021 to 10,417 cases in 3rd Quarter 2021 (see Annex E). Compared to 3rd Quarter 2020, the number of approved applications in 3rd Quarter 2021 was 27.1% higher. As at the end of 3rd Quarter 2021, there were 57,321 HDB flats rented out, a decrease of 0.8% over the previous quarter (57,755 units).

Upcoming Sales Launches

7 Come November 2021, HDB will offer about 4,400 Build-To-Order (BTO) flats in Choa Chu Kang, Hougang, Jurong West, Kallang Whampoa and Tengah. The projects are under review, and more details will be announced when ready.

8 HDB is on track to launch about 17,000 BTO flats in 2021, which is higher than the 14,600 and 16,800 flats launched in 2019 and 2020 respectively. Including about 5,300 flats in the Sale of Balance Flats exercises and open booking, a total of 22,300 flats will be offered in 2021. HDB will continue ramping up the flat supply to a higher level, and launch more than 17,000 flats in 2022, to meet the strong demand.

9 In February 2022, HDB will offer about 2,000 to 3,000 BTO flats in Geylang, Tengah and Yishun. The supply is subject to review and more 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.

Release of 3rd Quarter 2021 Public Housing Data