{"id":113849,"date":"2020-01-24T09:52:10","date_gmt":"2020-01-24T02:52:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transaction-up-2-7-in-2019\/"},"modified":"2020-01-24T10:15:03","modified_gmt":"2020-01-24T03:15:03","slug":"hdb-resale-transaction-up-2-7-in-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transaction-up-2-7-in-2019\/","title":{"rendered":"HDB resale transaction up 2.7% in 2019"},"content":{"rendered":"


\nResale flat prices also rose 0.5% quarter-on-quarter.\u00a0
\nThere 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
\nOn a quarterly basis, resale transactions increased 1.2% to 6,339 cases in the Q4 2019 from 6,264 cases in the previous quarter.
\nAccording to the HDB resale price index, prices of resale flats\u00a0also rose by 0.5% in Q4 2019, the second consecutive quarterly increase following the 0.1% increase in Q3 2019. On a year-on-year basis, there was a 0.1% increase.
\n\u201cThe HDB resale market staged a surprising turnaround last year as prices of flats rebounded and sales volume rose higher last year,\u201d said Christine Sun, head of research and consultancy at OrangeTee & Tie.
\nShe noted that the cumulative effect of multiple policies \u201cseemed effective in mitigating further price falls arising from the concerns surrounding the lease depreciation of older flats and the increasing supply of flats\u201d.
\nSome of the important policy changes introduced last year include allowing buyers greater flexibility in using CPF to purchase older flats and the enhancement of CPF housing grant to raise housing affordability for more Singaporeans.
\nRental market continues to strengthen
\nHDB data also showed that the number of flats rented out climbed 1.3% quarter-on-quarter to 56,474 units in Q4 2019.
\nThis comes as the number of approved applications to rent out flats inched up 0.6% quarter-on-quarter and 5.2% year-on-year to 12,079 cases in Q4 2019.
\nAbout 17,000 BTO flats to launch in 2020
\nMeanwhile, HDB revealed that it will launch around 16,000 to 17,000 Build-To-Order (BTO) flats for sale this year.
\nIt noted that about 3,000 BTO flats in Toa Payoh and Sembawang will be offered during the first BTO exercise in February, while another 3,700 BTO flats in Choa Chu Kang, Tampines, Pasir Ris and Tengah will be offered in May.
\nIt added that there will be no Re-offer of Balance Flats (ROF) exercise in February as it is \u201creviewing its sale processes for balance flats to better serve the needs of home buyers\u201d.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale transaction up 2.7% in 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Resale flat prices also rose 0.5% quarter-on-quarter.\u00a0 There were 23,714 resale flat transactions in 2019,...<\/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-113849","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-tCh","jetpack-related-posts":[{"id":119976,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-3-1-in-q4-2020-5-in-2020\/","url_meta":{"origin":113849,"position":0},"title":"HDB resale prices up 3.1% in Q4 2020, 5% in 2020","date":"January 22, 2021","format":false,"excerpt":"\r For the whole of 2020, prices grew 5%, the steepest increase since Q4 2012 and higher than the 0.1% gain registered in 2019. Despite the difficult economic conditions, the HDB resale market remained in good shape, with prices rising for the third consecutive quarter by 3.1% in the fourth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Colour-Scheme-HDB-e1479092279776.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":41977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transactions-down-9-1-in-q4\/","url_meta":{"origin":113849,"position":1},"title":"HDB resale transactions down 9.1% in Q4","date":"January 26, 2017","format":false,"excerpt":"\r View of HDB flats in the western region of Singapore. Resale prices of HDB flats dipped by 0.1 percent in the fourth quarter of 2016, according to more complete data published by the Housing Board. For the whole of 2016, the Resale Price Index slipped by 0.1 percent. On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-market-to-see-positive-growth-in-2h-2017\/","url_meta":{"origin":113849,"position":2},"title":"HDB market to see positive growth in 2H 2017","date":"April 28, 2017","format":false,"excerpt":"\r HDB resale flat prices fell 0.5 percent in Q1 2017. Resale flat prices in Singapore fell 0.5 percent in Q1 2017 from the previous quarter, according to more detailed statistics released by the Housing and Development Board (HDB) this morning. The resale price index, which tracks the overall price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-7-9-in-2018-hdb-resale-prices-down-0-9\/","url_meta":{"origin":113849,"position":3},"title":"Private home prices up 7.9% in 2018, HDB resale prices down 0.9%","date":"January 25, 2019","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore, excluding executive condominiums (ECs), increased at a faster pace last year. On the other hand, the decline in HDB resale prices slowed down. According to latest statistics released by the Urban Redevelopment Authority (URA) on Friday (25 Jan), private residential prices eased by\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":113849,"position":4},"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":78033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-could-bottom-out-in-2018\/","url_meta":{"origin":113849,"position":5},"title":"HDB resale prices could bottom out in 2018","date":"January 26, 2018","format":false,"excerpt":"\r Analysts expect resale flat prices to remain flat this year. HDB resale flat prices fell by 0.2 percent in Q4 2017 from the previous three-month period. For the whole year, prices dropped by 1.5 percent, revealed more complete data released by the Housing Board on Friday (26 January). Resale\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\/113849"}],"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=113849"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}