{"id":102628,"date":"2019-01-02T10:24:44","date_gmt":"2019-01-02T03:24:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-9-in-2018\/"},"modified":"2019-01-02T11:06:47","modified_gmt":"2019-01-02T04:06:47","slug":"hdb-resale-prices-down-0-9-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-9-in-2018\/","title":{"rendered":"HDB resale prices down 0.9% in 2018"},"content":{"rendered":"


\nHDB resale flats in the Ghim Moh area.
\nResale prices of HDB flats dropped by 0.9 percent for the whole of 2018, revealed the Housing and Development Board (HDB) on Wednesday (2 Jan).
\nFor the fourth quarter of 2018, resale flat prices dipped by 0.2 percent from the previous three-month period.
\n\u201cThe Resale Price Index (RPI) for the full quarter, together with more detailed public housing data, will be released on 25 January 2019,\u201d it said.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0and\u00a0BTO guides
\nDespite the drop in prices, property agency ERA Realty still expects HDB resale demand to be resilient this year.
\nThis comes as the lease decay issue, which was in the spotlight last year, had been largely addressed by the introduction of VERS and the new HIP programmes.
\nThe property cooling measures introduced by the government, which mostly affects the private residential market, are also expected to drive more buyers to the HDB resale market.
\nMoreover, the Lease Buyback Scheme has been expanded to include all flat types starting from 1 January.
\n\u201cResale flats are still an attractive option to buyers. The maximum amount of grants available to eligible buyers is $120,000 (Up to $30,000 Proximity Housing Grant, up to $50,000 Family Grant, up to $40,000 Additional Housing Grant), and processing time has been shortened with the new resale portal,\u201d said Eugene Lim, key executive officer at ERA.
\nAside from being the only way for buyers to purchase a flat in their location of choice, there is also no income ceiling for buying resale flats.
\n\u201cAccordingly, this has led to million-dollar flats, where some buyers are willing to pay top dollar for flats with exceptional attributes and location, as seen from the recent report on four-room Tiong Bahru flats breaching the million-dollar barrier,\u201d he noted.
\n\u201cHowever, these high-priced transactions remain the exception rather than the norm. Majority of resale HDB flats that have been transacted are supported by valuation; and this points to a very stable public housing market.\u201d
\nWith this, Lim expects HDB resale prices to increase very marginally by up to one percent for the whole of 2019.
\nMeanwhile, HDB said it will launch about 15,000 new flats in 2019. The first Build-To-Order exercise in February will see about 3,100 flats being offered in Kallang Whampoa, Jurong West and Sengkang.
\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 down 0.9% in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB resale flats in the Ghim Moh area. Resale prices of HDB flats dropped by...<\/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-102628","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-qHi","jetpack-related-posts":[{"id":98874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-on-decline-again\/","url_meta":{"origin":102628,"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":100644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","url_meta":{"origin":102628,"position":1},"title":"HDB resale prices dip 0.1% in Q3","date":"October 29, 2018","format":false,"excerpt":"\r HDB resale prices have been lacklustre due to the large supply of unsold BTO flats, says one analyst. Despite 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-hdb-resale-prices-a-thorny-issue-for-singapore-government\/","url_meta":{"origin":102628,"position":2},"title":"Falling HDB resale prices a thorny issue for Singapore government","date":"October 30, 2018","format":false,"excerpt":"\r HDB resale prices could slide by up to 2.0% this year. There could be severe political ramifications if the Singapore government fails to adequately address the downtrend in the prices of HDB resale flats and the loss of their value as the lease dwindles, reported Bloomberg recently. \u201cThe government\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":102628,"position":3},"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":93025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-1-govt-to-offer-bto-flats-in-punggol-and-yishun\/","url_meta":{"origin":102628,"position":4},"title":"HDB resale prices up 0.1%, govt to offer BTO flats in Punggol and Yishun","date":"July 3, 2018","format":false,"excerpt":"\r Demand for HDB resale flats is stronger due to interest from displaced en bloc owners and positive sentiment in the private residential market.\u00a0 Prices of HDB resale flats edged up 0.1 percent in Q2 2018 on a quarterly basis, according to flash estimates released by the Housing Board on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","url_meta":{"origin":102628,"position":5},"title":"HDB resale prices rise for the first time in nine quarters","date":"July 30, 2018","format":false,"excerpt":"\r The latest round of property curbs is expected to make buyers turn to the HDB resale market, where properties are cheaper. Prices of resale Housing Board flats climbed 0.1 percent in the second quarter of 2018 \u2013 its first increase after nine quarters of decline \u2013 hinting that HDB\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102628"}],"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=102628"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}