{"id":117476,"date":"2020-07-01T12:23:42","date_gmt":"2020-07-01T05:23:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-climb-0-2-in-q2\/"},"modified":"2020-07-01T13:03:38","modified_gmt":"2020-07-01T06:03:38","slug":"hdb-resale-prices-climb-0-2-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-climb-0-2-in-q2\/","title":{"rendered":"HDB resale prices climb 0.2% in Q2"},"content":{"rendered":"


\nHDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020, after staying flat in Q1 2020.
\nWhilst the COVID-19 pandemic has affected property prices in the private market, resale prices of HDB flats remained relatively stable in the last two quarters.
\nHDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020, after staying flat in Q1 2020.
\n\u201cWe would caution against reading too much into the prices as transaction volume in Q2 2020 is expected to be 75% lower than Q1 2020. Such low volume may not be representative of the entire market,\u201d said Lee Sze Teck, Director of Research at Huttons Asia.
\nBased on resale caveat data from Data.gov.sg, 789 resale flats were transacted in April and May, which is way lower compared to the units sold over the same period between 2017 and 2019.
\nOrangeTee & Tie said the low resale volume is largely attributed to the COVID-19 pandemic and barring of house viewings during the circuit breaker period.
\n\u201cPhysical house viewings are important for the resale market as most buyers would prefer a physical inspection of the premises before making a purchase. They may want to examine the condition of the units and assess the surrounding environment. As physical house viewings cannot be conducted, resale demand had \u2018naturally\u2019 declined last quarter,\u201d said Christine Sun, Head of Research and Consultancy at OrangeTee & Tie.
\nShe noted that the relatively firm prices indicates that there is little panic selling within the market during the pandemic. This comes as the market was probably sustained by the government\u2019s hefty stimulus package.
\n\u201cMany owners may also view their properties differently after the Circuit Breaker period. They may value their homes more especially given the proliferation of the work-from-home concept and may be more reluctant to sell their units at highly discounted prices. Moreover, other factors such as the supply of BTO flats and number of flats reaching MOP (Minimum Occupation Period), could have a greater impact on the HDB resale market and prices in the long run,\u201d she said.
\nWith this, Sun does not expect huge price cuts as long as Singapore\u2019s economy does not deteriorate badly and the unemployment rate remains moderate.
\n\u201cWe may expect the overall HDB resale price to trend between -2 and 1 per cent this year.\u201d
\nHDB announced that over 7,800 Build-to-Order (BTO) flats will be offered in Ang Mo Kio, Choa Chu Kang, Bishan, Pasir Ris, Geylang, Tengah, Tampines and Woodlands in August. In November, another 5,700 flats will be offered in Bishan, Tampines, Sembawang, Toa Payoh and Tengah.
\nThere will be shorter waiting times for the BTO flats in Tampines North and Choa Chu Kang (August) and Tengah (November). Remember to check out our news for all the latest updates.\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
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale prices climb 0.2% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020,...<\/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-117476","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-uyM","jetpack-related-posts":[{"id":98874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-on-decline-again\/","url_meta":{"origin":117476,"position":0},"title":"HDB resale prices on decline again","date":"October 1, 2018","format":false,"excerpt":"\r Resale flat prices rose slightly in Q2, but reverted to its declining trend in Q3. After a brief stint on the upside, prices of resale flats continued its downward trend as it fell 0.2 percent in the third quarter 2018, revealed flash estimates from the Housing and Development Board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/","url_meta":{"origin":117476,"position":1},"title":"Private home prices, HDB resale prices continue to increase in Q2 2021","date":"July 1, 2021","format":false,"excerpt":"\r Private home prices, HDB resale prices continue to increase in Q2 2021Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.\u00a0 Singapore saw private home prices and HDB resale prices continue to increase in the second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-MRT-station.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-continue-to-fall-in-q2\/","url_meta":{"origin":117476,"position":2},"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":62058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-down-0-1-in-q2\/","url_meta":{"origin":117476,"position":3},"title":"HDB resale flat prices down 0.1% in Q2","date":"July 28, 2017","format":false,"excerpt":"\r View of HDB flats in Toa Payoh. Prices of resale flats fell 0.1 percent in the second quarter of 2017 from the previous three-month period, according to the latest HDB Resale Price Index. \u00a0 Resale flat transactions rose 32.5 percent to 6,001 cases in Q2, from 4,530 cases in\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":117476,"position":4},"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":121031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-hdb-resale-prices-increase-for-fifth-consecutive-quarter\/","url_meta":{"origin":117476,"position":5},"title":"Private home, HDB resale prices increase for fifth consecutive quarter","date":"July 23, 2021","format":false,"excerpt":"\r Private home and resale flat prices have continued to climb for the fifth straight quarter, as demand for properties continued to be strong in Q2 2021 despite the Phase 2 (Heightened Alert) measures.\u00a0 Singapore\u2019s housing market has continued to remain resilient amid the COVID-19 pandemic, with private home prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Singapore-condo.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117476"}],"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=117476"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117476\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}