HDB resale transactions rise 10.7% in Q3

HDB resale transactions rise 10.7% in Q3

In the rental market, HDB approved 8,192 applications in the third quarter, down from 9,309 from the previous quarter.

According to HDB data, the number of approved applications in the third quarter of 2022 was 21.4 per cent lower compared to the same quarter in 2021.

At the end of the third quarter of 2022, there were 56,372 HDB flats rented out, an increase of 0.6 per cent over the previous quarter’s 56,014 units.

In November, HDB will offer about 9,500 Build-To-Order (BTO) flats in areas such as Bukit Batok, Kallang Whampoa, Queenstown, Tengah and Yishun.

About 2,900 to 3,900 BTO flats will be offered in towns and estates such as Kallang Whampoa, Queenstown and Tengah in February 2023.

“These numbers may change as more project details will be firmed up closer to the launch date,” said HDB, adding that up to 23,000 BTO flats will be launched next year.

The agency reiterated that it is prepared to launch up to 100,000 flats in total from 2021 to 2025 “if needed, subject to prevailing demand”.

“HDB will continue to monitor the housing demand and adjust the plans where necessary,” it added.