HDB Resale Market

The number of Housing and Development Board (HDB) flats sold in the resale market in the second quarter plunged 41.9 per cent amid the COVID-19 "circuit breaker" period. Official figures released on Friday (Jul 24) showed a total of 3,426 flats were sold from April to June, falling from the 5,893 sold in the first quarter. On a year-on-year basis, the number of transactions was down 45.4 per cent,...

Housing Board flat resale volumes tumbled still further last month, following the already record low number of flats resold in April and dropping to levels not seen in the last thirty years, real estate portal SRX figures showed on Thursday. Just 364 flats changed hands in May, a 13.9 decrease from the 423 resold in April. Both figures logged during the circuit breaker months were lower than the...

The resale market for Housing and Development Board flats in Singapore continued to slide, with the Resale Price Index down by 0.3 per cent and the number of transactions slipping 7.4 per cent in the third quarter of the year. In a press release on Friday (Oct 23), HDB said that the Resale Price Index fell by 0.3 per cent, from 135.0 in the previous quarter to 134.6 in the quarter ended Sep...

The Housing and Development Board (HDB) resale market showed signs of recovery last month, with the number of units sold reaching a two-year high and prices inching up by 0.1 per cent, the Singapore Real Estate Exchange (SRX Property) said on Thursday (Jul 9). A total of 1,709 HDB resale flats were sold in June, an increase of 8.5 per cent from the previous month and up 30 per cent from a year ago. The...

The HDB resale market is showing signs of stabilising, said National Development Minister Khaw Boon Wan. Speaking in Parliament on Wednesday, Mr Khaw said the yearly Resale Price Index (RPI) growth has gone down from 14.1 per cent in 2010 to 10.7 per cent last year. And in the first nine months of this year, the figure stood at 3.9 per cent. However, Mr Khaw said an uptick in quarterly RPI growth to two...

DB resale flat prices have hit record highs again. Prices rose by 4.1 per cent in the second quarter of 2010 compared with the previous quarter. This makes it the fifth straight quarter of increase. The HDB resale market continues to attract keen interest. Analysts said the demand is driven by those who don't qualify for a new flat or want a flat quickly. These are the singles, permanent residents, flat...

National Development Minister Mah Bow Tan said the HDB resale market is stable despite prices rising 1.2 per cent between April and June. Market watchers had expected HDB prices to continue to slide with recessionary pressures. Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and...

Surprise drop of 24% inQ4 volume, but analysts say HDB demand intact IT WAS a drop that caught most analysts by surprise - raising fears of a demand downtrend amid a souring economy, even in the traditionally resilient public housing market. After a strong showing in the first three quarters, the number of Housing and Development Board (HDB) resale flat transactions plunged 24 per cent in the last...

More first-time owners are turning to the resale market to meet their housing needs, said the Senior Minister of State for National Development Grace Fu. Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu said that in the second quarter of this year, there were 1,470 cases of first-timer flat buyers buying resale flats using the CPF Housing Grant. This is a 75...