{"id":100644,"date":"2018-10-29T10:28:32","date_gmt":"2018-10-29T03:28:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/"},"modified":"2018-10-29T11:02:47","modified_gmt":"2018-10-29T04:02:47","slug":"hdb-resale-prices-dip-0-1-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","title":{"rendered":"HDB resale prices dip 0.1% in Q3"},"content":{"rendered":"


\nHDB resale prices have been lacklustre due to the large supply of unsold BTO flats, says one analyst.
\nDespite a higher number of transactions, resale prices of HDB flats dipped by 0.1 percent in Q3 2018 on a quarterly basis, said the Housing and Development Board (HDB) on Friday (26 Oct).
\nBetween July and September, the number of HDB resale deals increased to 7,063 cases, up 18.9 percent quarter-on-quarter and 21.6 percent on an annual basis.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0and\u00a0BTO guides
\n\u201cIf the resale volume continues to remain robust in the next few quarters, it would slow down or even reverse the decline in the HDB resale price index,\u201d ZACD Group executive director Nicholas Mak told the Straits Times.
\nIn a report by TODAYonline, Huttons Asia research head Lee Sze Teck said the performance of HDB resale prices has been lacklustre due to the large supply of unsold Build-To-Order (BTO) flats.
\nIn fact, the Housing Board has offered about 21,000 BTO units per annum since 2011. Although inventory has eased, Lee noted that there\u2019s still a large volume of remaining BTO flats based on the number of Sale of Balance Flats and Re-offer of Balance Flats exercises.
\nMoreover, permanent residents (PRs) are not permitted to buy a HDB flat within the first three years of obtaining their PR status.
\n\u201cWith demand still largely constrained to PRs, singles and second-timers, the resale market is unlikely to pick up anytime (soon),\u201d he said, adding that the huge BTO supply and the urgency of downgraders and upgraders needing to dispose their flats only worsens the glut in the market.
\nSimilarly, ERA Realty key executive officer Eugene Lim told the Straits Times that HDB resale prices are expected to remain flat over the short term even though the government announced new measures to help HDB dwellers, as details of these new policies are still being finalised.
\nThese new measures include the Home Improvement Programme 2 (HIP 2), whereby HDB flats will be upgraded a second time once their age hits 60 or 70, and an extension to the programme that allows elderly homeowners to sell a part of their leases back to the government.
\nMeanwhile, the Housing Board announced that it will offer around 3,800 BTO flats in Yishun, Tengah, Tampines, Sengkang and Sembawang next month. It will also hold a concurrent Sale of Balance Flats exercise.
\nIn particular, those buying BTO flats in Yishun, Sengkang and Sembawang will have a shorter waiting time of 2.5 years instead of the usual three to four years.
\nCan you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale prices dip 0.1% in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB resale prices have been lacklustre due to the large supply of unsold BTO flats,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100644","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qbi","jetpack-related-posts":[{"id":98874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-on-decline-again\/","url_meta":{"origin":100644,"position":0},"title":"HDB resale prices on decline again","date":"October 1, 2018","format":false,"excerpt":"\r Resale flat prices rose slightly in Q2, but reverted to its declining trend in Q3. After a brief stint on the upside, prices of resale flats continued its downward trend as it fell 0.2 percent in the third quarter 2018, revealed flash estimates from the Housing and Development Board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-drop-in-q3\/","url_meta":{"origin":100644,"position":1},"title":"HDB resale prices, transactions drop in Q3","date":"October 27, 2017","format":false,"excerpt":"\r View of HDB flats in Ghim Moh. Prices and transactions of resale flats fell in the third quarter of 2017, according to latest data released by the Housing and Development Board (HDB) on Friday (27 October). The Resale Price Index declined by 0.7 percent, compared to a 0.1 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-6-in-q3\/","url_meta":{"origin":100644,"position":2},"title":"HDB resale prices down 0.6% in Q3","date":"October 2, 2017","format":false,"excerpt":"\r Singapore HDB flats (Photo: Google maps) Prices of HDB resale flats fell 0.6 percent to 132.9 in the third quarter of 2017, revealed flash estimates of the Resale Price Index (RPI). This comes after resale flat prices dipped by 0.1 percent to 133.7 in the second quarter, and by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transaction-up-2-7-in-2019\/","url_meta":{"origin":100644,"position":3},"title":"HDB resale transaction up 2.7% in 2019","date":"January 24, 2020","format":false,"excerpt":"\r Resale flat prices also rose 0.5% quarter-on-quarter.\u00a0 There were 23,714 resale flat transactions in 2019, the highest in 7 years. This figure is also 2.7% higher compared to 2018, where there were 23,099 transactions, based on HDB\u2019s Q4 2019 public housing data.\u00a0 On a quarterly basis, resale transactions increased\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-continue-to-fall-in-q2\/","url_meta":{"origin":100644,"position":4},"title":"HDB Resale Prices Continue To Fall In Q2","date":"July 2, 2019","format":false,"excerpt":"\r Resale prices of Housing and Development Board (HDB) flats continued its downward trend, falling 0.2 percent in the second quarter of 2019, revealed flash estimates from the HDB. Providing information on the general price movements within the resale public housing, the resale price index (RPI) fell to 130.8 in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/","url_meta":{"origin":100644,"position":5},"title":"HDB resale prices, transactions up in Q3","date":"October 22, 2021","format":false,"excerpt":"\r Quarter-on-quarter, Q3 2021 HDB resale prices\u00a0increased\u00a02.9% while\u00a0transaction volumes increased 19.4%. Resale prices for Housing and Development Board (HDB) flats rose 2.9% in the third quarter of 2021, moderating from the 3% increase registered in the previous quarter, showed HDB data on Friday (22 October). Nonetheless, it is still slightly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Pine-Close-HDB-flat-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100644"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100644"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100644\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}