HDB Resale Price Trend – 2019
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HDB Resale Price Trend – 2019

Curious about the price trend of HDB Resale?

Below line chart shows the change of HDB flat types from 1990 to January 2019.

hdbresale transacted price over time
line chart of HDB resale price of different flat types

Rising Trend

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

HDB resale price between 2016-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 weilong@getdatastory.com

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Wei Long
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About Me

Wei Long

Wei Long is a data enthusiast and aims to advocate and to empower people to use data to make data-driven decisions.

He is a business analytics consultant and the business owner of Semicolon Works, a leather crafting workshop provider that promotes upcycling.

In 2018, He fell in love with data analytics and data visualization after joining Qlik which provides the engine and platform to enable individuals and enterprises to see the whole data story that lives within their data.

His passion is in data and helping people uncover new insights within them. He aims to use his experience, training, and diverse industry knowledge to get you as excited about data as he is.

Contact Me

If you would like to contact me to discuss, please email weilong@getdatastory.com or call 9797 5565