Curious about the price trend of HDB Resale?
Below line chart shows the change of HDB flat types from 1990 to January 2019.
We can quickly see that the price of HDB have been creeping up over the years and peaked once sometime back in 1996 and 2012 and have slowly start to show signs of stabilizing.
A Closer Look – 2016 to Jan 2019
- 1 Room – Prices of 1 room flat resale have been decreasing by ~$12k per year. The interesting insight is that on average, 1 room depreciates around $1k per month.
- 2 Room – Prices of 2 room flat resale decrease by around ~$5k per year. The depreciation rate is around $400 per month.
- 3 Room – Similarly, 3 room flat resale prices are also decreasing. The depreciation rate is around $5-8k per annum or around $400-700 per month.
- 4 Room – 4 room flat resale prices also exhibit similar trends where they also tend to depreciate at around $5k per annum or around $400 per month.
- 5 Room – 5 room flat resale prices also exhibit similar trends where they also tend to depreciate at around $5-7k per annum or around $400-600 per month.
- Executive – Executive flat resale prices are pretty resilient to depreciation and can be seen dropping only 3k in their resale value in Jan 2019. This can be due to the nature that executive flats are no longer in production and that limited demand helps to preserve their resale value.
- Multi-Generation – Multi-Generation flats are also resilient to depreciation but the data sets for multi-gen are considered limited and might not show the true resale price trend. Buyers might want to exercise their own due diligence when valuing such flats.
If you are interested to do some analysis on HDB resale pricing, please feel free comment below or reach out to me at firstname.lastname@example.org