This press release provides the data for the HDB resale and rental market in 2nd Quarter 2022.

HDB Resale Market

2 The Resale Price Index (RPI) for 2nd Quarter 2022 is 163.9, an increase of 2.8% over that in 1st Quarter 2022 (see Annex A.

3 Resale transactions fell by 1.7%, from 6,934 cases in 1st Quarter 2022 to 6,819 cases in 2nd Quarter 2022 (see Annex B). Compared to 2nd Quarter 2021, resale transactions in 2nd Quarter 2022 were 3.5% lower.

4 The median resale prices in the various towns in 2nd Quarter 2022 are tabulated in Annex C.

HDB Rental Market

5 The median rents in the various towns in 2nd Quarter 2022 are tabulated in Annex D.

6 The number of approved applications to rent out HDB flats fell by 8.6%, from 10,189 cases in 1st Quarter 2022 to 9,309 cases in 2nd Quarter 2022 (see Annex E). Compared to 2nd Quarter 2021, the number of approved applications in 2nd Quarter 2022 was 15.2% lower. As at the end of 2nd Quarter 2022, there were 56,014 HDB flats rented out, a decrease of 0.6% over the previous quarter (56,340 units).

Upcoming Sales Launches

7 In August 2022, HDB will offer about 4,900 Build-To-Order (BTO) flats in towns/estates such as Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Tampines and Woodlands. In November 2022, HDB will offer about 9,500 BTO flats in towns/estates such as Bukit Batok, Kallang Whampoa, Queenstown, and Yishun. This number is subject to review as more project details will be firmed up closer to the launch date. Overall, HDB is on track to launch up to 23,000 new flats in 2022. More information on the BTO flats is available on the HDB InfoWEB. HDB will continue to monitor the housing demand and adjust the plans where necessary.

Release of 2nd Quarter 2022 Public Housing Data