{"id":115826,"date":"2020-04-24T10:35:02","date_gmt":"2020-04-24T03:35:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-volume-down-7-amid-covid-19-outbreak\/"},"modified":"2020-04-24T11:23:41","modified_gmt":"2020-04-24T04:23:41","slug":"hdb-resale-volume-down-7-amid-covid-19-outbreak","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-volume-down-7-amid-covid-19-outbreak\/","title":{"rendered":"HDB resale volume down 7% amid Covid-19 outbreak"},"content":{"rendered":"


\nResale HDB flats have declined by 7% in Q1 2020.\u00a0\u00a0
\nThe resale volume for HDB flats declined 7% to 5,893 units in the first quarter of 2020 from 6,339 units in the fourth quarter of 2019, showed HDB data on Friday (24 April)
\nOn an annual basis, resale volume climbed 21.9%.
\n\u201cThe quarter-on-quarter sales decline indicates that the pandemic and circuit breaker measures may have some impact on the HDB resale market,\u201d said Christine Sun, Head of Research and Consultancy at OrangeTee & Tie.
\n\u201cHouse viewings were discontinued as part of the containment measures and buying sentiment may have weakened in light of the current macroeconomic uncertainties.\u201d
\nHDB resale prices, on the other hand, remained unchanged.
\nFive-room flats in Bukit Merah registered the highest median resale price at $817,500. This is followed by\u00a0those in Clementi ($815,000), and Kallang and Whampoa ($698,700).
\nSun expects HDB resale prices to enter negative territory in the event the health crisis persist and unemployment creeps up. Nonetheless, she says that property values may remain steady for areas of higher demand like those near MRT stations, city centre or amenities.
\nMeanwhile, HDB also revealed that it has approved 11,591 applications to rent out flats in Q1 2020, down 4% from the 12,079 cases in the previous quarter.
\nThe number of approved application also fell 1.6% over the same period last year.
\nSun attributed the drop in applications to fewer owners desiring to lease out their units in the face of the Covid-19 pandemic.
\nWith the circuit breaker measures extended until 1 June, HDB announced that the sales launch scheduled in May have been deferred until further notice.
\nRead:\u00a0East or West? HDB\u2019s May 2020 BTO Launch at Bukit Batok, Choa Chu Kang, Tengah, Pasir Ris, and Tampines
\n\u00a0
\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\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale volume down 7% amid Covid-19 outbreak<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Resale HDB flats have declined by 7% in Q1 2020.\u00a0\u00a0 The resale volume for HDB...<\/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-115826","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-u8a","jetpack-related-posts":[{"id":116101,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-not-to-correct-excessively\/","url_meta":{"origin":115826,"position":0},"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":95053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","url_meta":{"origin":115826,"position":1},"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":117944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-in-q2-while-transaction-volume-drop\/","url_meta":{"origin":115826,"position":2},"title":"HDB resale prices up in Q2, while transaction volume drop","date":"July 24, 2020","format":false,"excerpt":"\r Resale transactions fell by more than 41.9% to 3,426 units in Q2 2020 from the previous quarter\u2019s 5,893 units.\u00a0 Resale prices of Housing and Development Board (HDB) flats increased 0.3% quarter-on-quarter in the second quarter of 2020, after holding flat in the previous quarter. OrangeTee noted resale prices \u201chave\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":115826,"position":3},"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":118092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-market-avoided-major-price-correction-during-pandemic-orangetee-amp-tie\/","url_meta":{"origin":115826,"position":4},"title":"HDB resale market avoided major price correction during pandemic: OrangeTee &amp; Tie","date":"August 5, 2020","format":false,"excerpt":"\r Despite the COVID-19 pandemic and circuit breaker measures, HDB resale prices remained stable. However, HDB resale transactions fell by over 41.9% to 3,426 units during Q2 2020.\u00a0 Despite the COVID-19 pandemic and the uncertain global economic outlook, Singapore\u2019s HDB resale market avoided a major price correction, with prices remaining\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":115826,"position":5},"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). 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