Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008. According to latest official figures, there has also been little upward movement in the private property rental market. Data for the HDB resale and rental markets based on transactions in Q2 saw HDB's Resale Price Index (RPI) up 4.5 per cent, compared to the 3.7 per...
HDB Prices
HDB upgraders’ demand for condos outside central region could also rise AS SOARING rental rates add to their cost burden, more Permanent Residents (PRs) are snapping up Housing and Development Board (HDB) resale flats. “Two years ago, you would pay less than $1,000 a month in rent for a four-room flat but now, you would be paying almost $2,000,” said PropNex chief executive Mohamed Ismail. “If...
Prices of HDB resale flats rose 4.4 per cent in the three months to June over the previous quarter, according to the Housing and Development Board's flash estimate. Straits Vista @ Marsiling This was slightly higher than the 3.7 per cent increase in the first quarter. In the first half of the year, HDB has launched a total of 4,524 new flats. Subject to demand, HDB plans to offer about 3,900 new flats...
Prices of HDB resale flats rose by 3.7 percent in the first three months of this year over the previous quarter. The rise in the Resale Price Index (RPI) was lower than the 5.7 percent increase in the fourth quarter of last year. Resale transactions fell by about 6 percent, from 6,750 cases in Q4 2007 to about 6,360 in Q1 2008. The median Cash-Over-Valuation (COV) amount among all resale transactions in...
Prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months, according to flash estimates released by the HDB. The increase was lower than the 5.7 percent pace in the fourth quarter. The slower rise in resale flat prices comes as no surprise to industry watchers who attribute it to the cautious sentiment in the overall property market. They say buyers are not...
Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just...
HDB resale prices have gone up by a better-than-expected 17.5 per cent in 2007, the fastest rate since prices soared by 25 per cent in 1996, latest official figures by the Housing Development Board (HDB) showed. Most homes in Singapore have appreciated to the highest levels since 1996. The price of a three-room HDB flat was an average of S$149,000 in the last quarter while a five-room flat in Marine...