Private home price growth slows to 0.4% in Q4 2022, HDB resale prices rise 2.3% in Q4, slowest growth in 2022, and more
Private home price growth in the fourth quarter of 2022 has slowed to a mere 0.4%, indicating a deceleration in the property market. In contrast, HDB resale prices experienced a 2.3% rise during the same period, marking the slowest growth seen in 2022. These figures shed light on the current state of the housing sector, suggesting a potentially stabilizing market after a period of rapid growth. Investors and homeowners alike will need to closely monitor this trend as it unfolds in the coming months.