HDB resale prices set to rise for record 23 quarters by end-2025

OrangeTee notes fewer flats will reach MOP this year, likely creating scarcity in market

- Ng Keng Gene

Prospective home buyers can expect the prices of Housing Board resale flats to keep inching upwards in 2025, as fewer flats will reach their minimum occupation period (MOP) this year than in each year of the past decade.

A report released by OrangeTee Group on Feb 11 predicted that resale flat prices would have risen for 23 consecutive quarters by the end of 2025, barring any additional property cooling measures or major changes to the economy.

This will surpass the previous record growth streak of 20 consecutive quarters from the fourth quarter of 1991 to the fourth quarter of 1996.

Analysts estimate that resale prices will rise between 4 per cent and 6 per cent in 2025, lower than the 9.7 per cent price growth in 2024.

OrangeTee noted that 6,974 flats are slated to reach their MOP in 2025, which allows them to be sold on the resale market.