Prices of HDB resale flats in Singapore rose to record highs in the third quarter, according to data released on Friday. The latest data from the Housing and Development Board (HDB) showed that the Resale Price Index rose 3.6 per cent in the third quarter over the previous quarter to 145.2 points. This has raised concern among some potential homebuyers, who fear that prices may continue to rise. The...
HDB Resale Prices
IN WHAT appears to be confidence that the green shoots of the economic recovery are slowly bearing fruit, prices of resale Housing and Development Board (HDB) flats have hit a record high in the second quarter, and property agents say this is leading to a renewed climb in the cash-over-valuation (COV) for the secondary market transactions. The HDB reported on Friday that its resale price index rose 1.4...
The resale prices of HDB flats rose by 1.4 per cent in the second quarter of 2009, higher than an initial estimate of a 1.2 per cent increase made earlier this month. This comes after a slight drop of 0.8 per cent in the three months ending March. Resale transactions also increased, jumping from 6,400 cases in the first quarter to 10,000 cases in the second quarter. The median cash-over-valuation (COV)...
Property agents said on Tuesday that flat prices in opposition-held wards, Hougang and Potong Pasir, are likely to rise if they are selected for lift upgrading. This is after the government announced on Monday that the two are among the 65 precincts in Singapore that are eligible for the popular improvement programme this financial year. Selected precincts will be announced in two to three months. Once...
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...
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...
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...
More choice for home-buyers HAD you $20,000 in cash to pay for the Cash-Over-Valuation (COV) component of a resale 4-room Housing and Development Board (HDB) flat, you would have better bargaining power now than in the last quarter of 2007. Back then, you might just have been able to afford such a flat in far-flung areas such as Bukit Panjang, Chua Chu Kang, Jurong or Woodlands. But between April and...
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...