{"id":106931,"date":"2019-05-08T11:13:00","date_gmt":"2019-05-08T04:13:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/older-hdb-flats-are-still-in-demand\/"},"modified":"2019-05-08T12:03:40","modified_gmt":"2019-05-08T05:03:40","slug":"older-hdb-flats-are-still-in-demand","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/older-hdb-flats-are-still-in-demand\/","title":{"rendered":"Older HDB Flats Are Still In Demand \u00a0"},"content":{"rendered":"


\nResale of older HDB flats continue to be on the rise amid lingering concerns of decaying leases.
\nOlder HDB flats that are 40 years and older continued to be in demand in Singapore, with a record 2,537 of such flats transacted in 2018, according to a study by property consultancy OrangeTee & Tie.
\nThis comes amid \u201clingering concerns about depreciating value of older flats and some adverse impact from the latest cooling measures\u201d.
\nIn the first quarter of 2019, 628 older flats were sold, or constituting 13.9 percent of total resale transactions. The property consultancy noted that this is the highest percentage of older flats sold on record.
\nIt added that sales of older flats could be observed across many towns, indicating that such flats are generally well-received island-wide.
\nOrangeTee & Tie attributed the higher sales of older flats to the narrowing of price expectation gap between buyers and sellers, given that prices of older flats has been easing over the years.
\nGet insights on new and existing housing estates with PropertyGuru\u2019s\u00a0AreaInsider\u00a0series.
\nThe average price of older flats dropped by around six percent in Q1 2019 when compared to Q1 2017 and by about seven percent when compared to Q1 2018.
\nIt could also simply be that more flats are growing older, resulting in more of such transactions in general, said OrangeTee & Tie.
\nThe consultancy also observed that flats between 20 and 40 years old tended to be larger in size.
\n\u201cFor instance, of resale transactions that took place in Q1 2019, standard four-room flats that were less than 20 years old averaged at around 90 sq m (969 sq ft). Meanwhile, resale flats between 20 and 40 years old that were sold in the same period averaged at around 99 sq m (1,066 sq ft).
\nSimilarly, standard five-room flats that were less than 20 years old and were sold within the same period averaged at around 119 sq m (1,281 sq ft), smaller than the average 124 sq m (1,335 sq ft) for flats between 20 and 40 years old.
\nAs such, some buyers may consider older flats \u201cto be of good value for money given their lower price tags,\u201d said the consultancy.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0to make better-informed decisions. Can you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Older HDB Flats Are Still In Demand \u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Resale of older HDB flats continue to be on the rise amid lingering concerns of...<\/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-106931","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-rOH","jetpack-related-posts":[{"id":109704,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cpf-rule-changes-likely-sparked-demand-for-older-hdb-flats\/","url_meta":{"origin":106931,"position":0},"title":"CPF rule changes likely sparked demand for older HDB flats","date":"August 7, 2019","format":false,"excerpt":"\r The government\u2019s policy updates on Central Provident Fund (CPF) usage and Housing and Development Board (HDB) housing loans may have given the HDB resale market a new lease of life. This comes as demand for older HDB flats surged in the second quarter of 2019, with the number of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":106931,"position":1},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transaction-up-2-7-in-2019\/","url_meta":{"origin":106931,"position":2},"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":103402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/71-hdb-flats-changed-hands-for-over-1mil-in-2018\/","url_meta":{"origin":106931,"position":3},"title":"71 HDB flats changed hands for over $1mil in 2018","date":"January 28, 2019","format":false,"excerpt":"\r The number of HDB resale deals has increased significantly from just two in 2014 and 46 in 2017. 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A standard 5-room HDB flat was sold for $1.2 million in April this year \u2013 the first time that a standard HDB flat price surpassed the most expensive\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":106931,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106931"}],"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=106931"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106931\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}