{"id":103402,"date":"2019-01-28T11:56:48","date_gmt":"2019-01-28T04:56:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/71-hdb-flats-changed-hands-for-over-1mil-in-2018\/"},"modified":"2019-01-28T12:07:35","modified_gmt":"2019-01-28T05:07:35","slug":"71-hdb-flats-changed-hands-for-over-1mil-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/71-hdb-flats-changed-hands-for-over-1mil-in-2018\/","title":{"rendered":"71 HDB flats changed hands for over $1mil in 2018"},"content":{"rendered":"


\nThe number of HDB resale deals has increased significantly from just two in 2014 and 46 in 2017.
\nA record number of HDB resale flats were sold at over $1 million for the whole of 2018, even though the island-wide prices of such units have fallen for the fifth consecutive year to a seven-year low, reported the Straits Times.
\n\u201cMore HDB resale flats were sold above $700,000 last year, especially non-standard ones,\u201d said OrangeTee & Tie research head Christine Sun, adding that 71 HDB resale flats breached the $1 million price tag.
\nThe number of such deals has increased significantly from just two in 2014 and 46 in 2017. Most of the transactions involved non-standard HDB flats such as the Pinnacle@Duxton in the central business district, DBSS projects such as The Peak in Toa Payoh, or rare terrace homes along Stirling Road or Jalan Bahagia.
\nHowever, a larger number of typical HDB flats were also sold at sky-high prices in the past two years. In fact, 2018 was the first time when \u201cnormal\u201d four-room HDB flats surpassed the $1 million mark, with at least four such deals taking place in Tiong Bahru.
\nSun said this may indicate a growing price disparity among different HDB market segments, with some units commanding high valuations, while others see a decline in prices.
\n\u201cSmaller or older flats experienced greater challenges in finding a buyer as they are impacted by growing concerns about the depreciating value of ageing flats and a growing supply of newer HDB flats that are being put up for resale in the non-mature estates,\u201d she noted.
\nHowever, ERA Realty key executive officer Eugene Lim insists that such expensive HDB transactions are not the norm, in light of the new property curbs, rising interest rates and the current price-sensitivity of home buyers. Nonetheless, he believes that resale prices of HDB flats could see an uptick of up to 1.0 percent in 2019.
\nOn the other hand, Huttons Asia\u2019s research head Lee Sze Teck thinks that the dip in prices may likely continue this year, with HDB resale prices remaining unchanged or dipping by 1.0 percent this year.
\nNevertheless, the planned revision this year on the usage rules of CPF monies when buying older flats with shorter remaining leases could \u201cgive a fillip to the HDB resale market\u201d, Lee noted.
\nOn Friday (25 Jan), HDB data revealed that prices of resale flats across Singapore dipped by 0.2 percent quarter-on-quarter and 0.9 percent year-on-year in Q4 2018.
\nHDB also announced that it plans to launch about 15,000 new flats in 2019. The first Build-To-Order exercise will be held in February, offering around 3,100 HDB flats in Jurong West, Sengkang and Kallang-Whampoa. It will also simultaneously hold a Re-Offer of Balance Flats exercise.
\nFind HDB flats for sale or read our\u00a0HDB guides. Can you afford a million-dollar 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…71 HDB flats changed hands for over mil in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of HDB resale deals has increased significantly from just two in 2014 and...<\/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-103402","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-qTM","jetpack-related-posts":[{"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":103402,"position":0},"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":100644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","url_meta":{"origin":103402,"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":95053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","url_meta":{"origin":103402,"position":2},"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":[]},{"id":116101,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-not-to-correct-excessively\/","url_meta":{"origin":103402,"position":3},"title":"HDB resale prices not to \u201ccorrect excessively\u201d","date":"May 6, 2020","format":false,"excerpt":"\r OrangeTee & Tie\u00a0expects property sales to \u201cpick up speed and regain some momentum when the crisis subsides and safe distancing measures are gradually eased\u201d.\u00a0 While housing demand may ease should the Covid-19 pandemic persist, OrangeTee & Tie does not expect resale prices of Housing and Development Board (HDB) flats\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":103402,"position":4},"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":[]},{"id":48448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-outlook-report-what-to-expect\/","url_meta":{"origin":103402,"position":5},"title":"HDB resale outlook report: What to expect?","date":"March 17, 2017","format":false,"excerpt":"\r Greater stability is expected in the public housing market in 2017, according to PropertyGuru\u2019s HDB resale outlook report. PropertyGuru Group, Asia\u2019s leading online property group, forecasts steadiness in the HDB resale market, according to its ebook for H1 2017. Highlights include: Ongoing stability in the HDB resale market. Around\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\/103402"}],"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=103402"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103402\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}