SINGAPORE, April 1 -- Prices of Housing and Development Board (HDB) resale flats rose by 1.5 per cent in the first quarter of 2025, marking the slowest pace of growth in five quarters.

Minister for National Development Desmond Lee attributed this to the sustained supply of Build-to-Order (BTO) flats and the largest-ever Sale of Balance Flats (SBF) exercise in February.

"This can be attributed to the sustained supply of Build-to-Order (BTO) flats, as well as the largest-ever Sale of Balance Flats (SBF) exercise in February 2025," Lee said in a Facebook post today, as reported by CNA.

According to flash estimates released by HDB, the resale price index increased by 1.5 per cent in the first quarter, down from the 2.6 per cent rise in the...