Local HDB resale prices have risen for 12 consecutive quarters, but the trend has continued to slow down. In addition, the authority will launch about 5,400 pre-purchase HDB flats next month; 5,200 to 6,200 flats will also be launched in August.

Estimates released by the HDB show that HDB resale prices rose slightly by 0.9 per cent quarter-on-quarter last quarter, smaller than the 2.3 per cent rise in the previous quarter and the smallest increase in ten quarters.

The number of transactions, on the other hand, increased by 1% year-on-year, with 6,880 units changing hands.

In addition, the authority will launch around 5,400 pre-owned HDB flats next month; 5,200 to 6,200 flats will also be launched in August, with the exact number to be finalised closer to the sale date.