HDB resale prices hit record highs, even with supply ramped up
The Housing Board (HDB) resale prices have soared to a record high, even as HDB ramps up the supply of new flats to keep a lid on prices.
Resale prices went up by 2 per cent - its largest increase since the third quarter of last year, according to latest estimates.
A statement released by the agency on Monday showed the resale price index hitting 197.9 in the third quarter, marking the fastest rise this year.
This news comes even as HDB is launching more new flats.