What is the average price appreciation for HDB flats over the past 5 years?

To determine the average price increase for HDB flats over the last 5 years, we need to look at the overall trend in resale prices.

As of the latest data, HDB resale prices have been rising consistently. For instance, in 2024, HDB resale prices grew by 9.6%, following a 4.9% growth in 2023.

Over the past few years, the cumulative growth has been significant. Here is a rough breakdown:
- In 2020 and 2021, prices were relatively stable but started to rise as the market recovered from the pandemic.
- From 2022 to 2024, there was a steady and significant increase, with prices rising by around 4.9% in 2023 and 9.6% in 2024.

Given this trend, if we estimate an average annual increase, it would be around 5-6% per year. Over a 5-year period, this translates to a cumulative increase of approximately 25-30%.

Therefore, the average price increase for HDB flats over the last 5 years is roughly in the range of 25-30%.