Is it possible that COVID-19 might increase the prices of HDB resale flats?

Hi Anon!

Yes ZY is right, the prices of HDB resale flats are already on the rise.

HDB resale transactions spike 127.3% in Q3 after end of COVID-19 circuit breaker and the prices have increased at fastest pace in 8 years and are expected to continue rising.

The fast turnaround in the property market could be have been fuelled by the aggressive stimulus packages to weather the economic fallout of the pandemic.

It is likely that some of the demand could have been drawn from the long waiting period for the BTO market as well.

It's not only possible, it's already happening.

https://www.channelnewsasia.com/news/singapore/...

“Prices also went up 1.5 per cent from Q2 to Q3, with the resale price index – which provides information on the general price movements in the resale public housing market – increasing to 133.9. “