This press release provides the data for the HDB resale and rental market in 1st Quarter 2022.

HDB Resale Market

2 The Resale Price Index (RPI) for 1st Quarter 2022 is 159.5, an increase of 2.4% over that in 4th Quarter 2021 (see Annex A).

3 Resale transactions fell by 12.7%, from 7,940 cases in 4th Quarter 2021 to 6,934 cases in 1st Quarter 2022 (see Annex B). Compared to 1st Quarter 2021, resale transactions in 1st Quarter 2022 were 8.5% lower.

4 The median resale prices in the various towns in 1st Quarter 2022 are tabulated in Annex C.

HDB Rental Market

5 The median rents in the various towns in 1st Quarter 2022 are tabulated in Annex D.

6 The number of approved applications to rent out HDB flats fell by 3.4%, from 10,551 cases in 4th Quarter 2021 to 10,189 cases in 1st Quarter 2022 (see Annex E). Compared to 1st Quarter 2021, the number of approved applications in 1st Quarter 2022 was 4.6% lower. As at the end of 1st Quarter 2022, there were 56,340 HDB flats rented out, a drop of 0.5% over the previous quarter (56,596 units).

Upcoming Sales Launches

7 In May 2022, HDB will offer about 5,300 Build-To-Order (BTO) flats in towns/estates such as Bukit Merah, Jurong West, Queenstown, Toa Payoh and Yishun. In August 2022, HDB will offer about 6,300 to 6,800 BTO flats in towns/estates such as Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Queenstown and Woodlands. 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 housing demand and adjust the plans where necessary.

Release of 1st Quarter 2022 Public Housing Data