According to estimates released by the Housing Development Board, HDB resale prices rose by 10.3 per cent for the whole of last year, a slower increase than the 12.7 per cent increase in 2021.

The HDB Resale Price Index reached 171.1 in the fourth quarter of last year.

In the last quarter, 6,474 HDB flats changed hands, 15.8 per cent less than in the same period last year.

As at December 29 last year, the annual number of transactions for last year reached 27,773, 9.7 per cent less than the same period a year earlier.

On the other hand, the HDB launched 23,184 pre-purchased HDB flats last year.

The authority plans to launch up to 23,000 flats this year and will increase the total number of flats to be launched between 2021 and 2025 to 100,000 if necessary, depending on demand.

HDB will launch 4,400 HDB flats in Jurong West, Kallang Whampoa, Queenstown and Tengah next month.

Another 3,800 to 4,800 pre-purchased HDB flats in Bedok, Kallang Whampoa, Queenstown, Serangoon and Tengah will also be available for purchase in May.