HDB Prices

Property prices down in Q1

Prices for private property and public housing fell steeply in the first three months of the year. In the Housing and Development Board (HDB) resale market, the first drop since 2006 was seen. HDB's flash estimate, based on its Resale Price Index, showed a decline of 0.6 per cent in the first quarter compared to the fourth quarter of last year, which had registered a 1.4 per cent increase. Still, some...

DBSS contractors will only sell at a profit

I REFER to the report "No-frills housing, please" (Feb 9). MP Lim Wee Kiak is right to note that 3- and 4-room flats cost only $15,000 and $20,000, respectively, in the '70s. In fact, even 5-room flats cost only $27,500 to $35,500 then. How did they all come to cost 10 to 30 times more in a matter of 30 years? Have construction costs and salaries gone up that much? Not only have prices gone up, the sizes...

HDB resale price index up 1.5% in Q4

PUBLIC housing resale prices have stubbornly continued to climb even as private home prices are accelerating downhill and pundits are betting on flat prices still holding firm this year if not seeing a modest single-digit growth, then staying level for the most part. Flash estimates from the Housing and Development Board (HDB) showed that its resale price index grew by 1.5 per cent in the fourth quarter,...

Private home prices down 5.7% in Q4, HDB resale flat prices still up

Prices of private, non-landed residential properties in Singapore fell 5.7 per cent in the last quarter of 2008. The quarter-on-quarter drop in private home prices is more than double the 2.4 per cent decrease in the July-September quarter. Experts said the steep fall is fuelled by deteriorating sentiment. Market players are also matching prices to falling valuations. Nicholas Mak, consultancy and...

Waiting for the storm to hit …

Going by past recessions, it could take nine more months before prices fall FOR first-time flat seekers like Mr Neo Tze Siang, the economic downturn was meant to provide some respite from HDB prices pushed skyhigh by the property boom last year. But despite the raft of job cuts and the gloomy economic forecasts trotted out, HDB prices are showing few signs of sliding. “We hear about private property...

Demand for and prices of public housing flats expected to stay resilient

The demand for and prices of public housing flats are expected to remain fairly resilient despite the economic downturn. And market watchers have said this applies to both resale and new units. Close to 9,000 people have visited the Natura Loft showflat since it was launched for sale on October 31. Its developer Qingjian Realty has already received 500 applications, mostly for four-room units...

Rents get squeezed by credit crunch

THE leasing market has become the latest casualty of Singapore’s weakening property market, with both residential and office rents posting their first declines since 2004 in the third quarter of this year. According to Urban Redevelopment Authority figures released yesterday, rentals of private residential properties fell 0.9 per cent in the third quarter, compared to a 2.5 per cent rise in the second...

Prices of public resale flats in Q3 up 4.2% on-quarter

Singapore's Housing and Development Board (HDB) released data on Friday that showed prices of resale flats rising by 4.2 per cent in the third quarter, as compared to the previous quarter. This was in line with estimates released earlier this month. Sales volume also went up by about four per cent from 7,760 to 8,110 transactions. HDB said the median Cash-Over-Valuation (COV) amount for all resale...

Q3 prices of resale flats up 4.2%; that of private property down 1.8%

Prices of resale flats rose a preliminary 4.2 per cent in the third quarter of this year. HDB said on Thursday that the figure is just slightly lower than the 4.5 per cent increase in the second quarter. For the year-to-date, prices of resale flats have risen almost 13 per cent. HDB said it has to date launched about 5,000 of the planned supply of 8,400 Build-To-Order (BTO) flats for 2008. Subject to...

HDB’s tender costs up 22%, but flat prices not linked

With the Housing and Development Board's (HDB) development costs up over the last year, young couples looking to buy a new flat may ask: Would I have to pay more? For Financial Year 2007-8, tender prices for its construction works grew about 22 per cent. In June, National Development Minister Mah Bow Tan had estimated they could jump another 20 per cent this year. Releasing the HDB annual report on...

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