How will Slower HDB Price Growth Affect You in 2024?

HDB has announced that they will be ramping up BTO supply between 2021 and 2025. Across the four years, up to 100,000 BTO units are expected to launch to meet homebuyers needs. 

A similar strategy took place more than a decade ago. HDB had similar ramped up BTO supply between 2011 and 2015. With that, the market saw an onslaught of MOP flats that entered the market since 2019. 

Resale prices has risen some 37.8% between 2Q 2019 and 4Q 2023. 

While ERA expects a similar trend to take place from 2030 onwards, we expect price growth to be more moderate. This is due largely to the reclassification of flats with Plus and Prime flats having to meet 10 year MOP. These flats saw some of the fastest price in the current years.

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