{"id":115352,"date":"2020-04-02T15:44:43","date_gmt":"2020-04-02T08:44:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-unchanged-in-q1-amid-covid-19\/"},"modified":"2020-04-02T16:02:50","modified_gmt":"2020-04-02T09:02:50","slug":"hdb-resale-prices-unchanged-in-q1-amid-covid-19","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-unchanged-in-q1-amid-covid-19\/","title":{"rendered":"HDB resale prices unchanged in Q1 amid Covid-19"},"content":{"rendered":"


\nDespite the Covid-19 outbreak, resale prices of Housing and Development Board (HDB) flats held flat in the first quarter of 2020.
\nThe resale price index (RPI) stood at 131.5 in Q1, unchanged from the fourth quarter of 2019, showed flash estimates by the Housing and Development Board (HDB).
\nThe RPI for the full quarter \u2013 along with more detailed public housing data \u2013 is set to be released on 24 April.
\nChristine Sun, Head of Research and Consultancy at OrangeTee and Tie, said HDB resale flat prices are generally not subject to volatile swings since most people acquire flats for themselves to stay in and not for speculation.
\nMoreover, the government unveiled a series of policy changes last year that included enhanced housing grants for first-time buyers as well as higher income ceiling for eligible buyers, reported The Straits Times.
\nHowever, the Covid-19 outbreak could negate the policy changes\u2019 positive impacts, said Sun.
\n\u201cThere could be limited upside for major price growth this year and prices are likely to continue trending sideways in the coming months,\u201d she added.
\nNonetheless, Sun believes that the $48 billion Resilience Budget could be a silver lining.
\n\u201cThe hefty stimulus package unveiled by the Government last week to keep unemployment low and the economy running will certainly help to sustain housing demand and ensure prices of flats remain stable in the coming months.\u201d
\nMeanwhile, HDB revealed that it will offer around 3,700 Build-To-Order (BTO) flats in Pasir Ris, Choa Chu Kang, Tengah and Tampines in May. It will also offer around 4,100 BTO flats in Bishan, Ang Mo Kio, Tampines, Woodlands and Geylang in August.
\n\u201cOf these, the flats in Choa Chu Kang (May 2020) and Tampines (August 2020) will have shorter waiting time,\u201d it added.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale prices unchanged in Q1 amid Covid-19<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the Covid-19 outbreak, resale prices of Housing and Development Board (HDB) flats held flat...<\/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-115352","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-u0w","jetpack-related-posts":[{"id":108612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-continue-to-fall-in-q2\/","url_meta":{"origin":115352,"position":0},"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":20866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-stay-flat-in-q2\/","url_meta":{"origin":115352,"position":1},"title":"HDB resale flat prices stay flat in Q2","date":"July 22, 2016","format":false,"excerpt":"\r HDB resale transactions were up last quarter, signalling a return of confidence in the market. Prices of HDB resale flats remained unchanged during the second quarter, after dipping by 0.1 percent in the first three months of 2016, according to more detailed public housing data published by the Housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-6-in-q1\/","url_meta":{"origin":115352,"position":2},"title":"HDB resale prices down 0.6% in Q1","date":"April 4, 2017","format":false,"excerpt":"\r Prices of HDB resale flats fell slightly in the first three months of 2017. Resale prices of HDB flats dipped 0.6 percent during the first quarter of 2017, revealed flash estimates from the Housing and Development Board (HDB) on Monday, 3 April. Its Resale Price Index (RPI), which provides\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/04\/Price-Index-of-HDB-resale-flats-Q1-2017.jpg?fit=915%2C448&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":116101,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-not-to-correct-excessively\/","url_meta":{"origin":115352,"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":72659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/temporary-blip-in-hdb-resale-transactions-dwindling-first-timer-demand\/","url_meta":{"origin":115352,"position":4},"title":"Temporary blip in HDB resale transactions, dwindling first-timer demand","date":"November 23, 2017","format":false,"excerpt":"\r View of HDB flats in the Ghim Moh area. (Photo: Chen Siyuan: Wikimedia Commons) The latest data showed a 0.7 percent drop in HDB resale prices in Q3 as compared to the previous quarter. We investigate some reasons for this. By Hock Meng Tay The latest HDB resale data\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/GuruView-1024x281.png?fit=1024%2C281&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-9-in-2018\/","url_meta":{"origin":115352,"position":5},"title":"HDB resale prices down 0.9% in 2018","date":"January 2, 2019","format":false,"excerpt":"\r HDB resale flats in the Ghim Moh area. Resale 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). For the fourth quarter of 2018, resale flat prices dipped by 0.2 percent from the previous\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\/115352"}],"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=115352"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115352\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}