{"id":120572,"date":"2021-07-01T03:51:17","date_gmt":"2021-06-30T20:51:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/"},"modified":"2021-07-18T17:03:14","modified_gmt":"2021-07-18T10:03:14","slug":"private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/","title":{"rendered":"Private home prices, HDB resale prices continue to increase in Q2 2021"},"content":{"rendered":"


\nPrivate 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
\nSingapore saw private home prices and HDB resale prices continue to increase in the second quarter of 2021, albeit at a slower pace.
\nThe latest flash estimates from the Urban Redevelopment Authority (URA) showed that private home prices climbed 0.9% in Q2 2021, which is much slower compared to the 3.3% hike registered in the previous quarter.\u00a0On an annual basis, private home prices increased 7.3%.
\nSuggested read:\u00a0URA Flash Estimate 101: What Is It?
\nChristine Sun, Senior Vice President of Research and Analytics at OrangeTee, noted that this marks the market\u2019s fifth consecutive quarterly increase.
\nThe hike in prices in Q2 2021 was mainly driven by non-landed homes within the Outside of Central Region (OCR) which rose 1.8% quarter-on-quarter. Prices rose the fastest in OCR since it has the leanest supply of new homes.
\nPrice increment for the Rest of Central Region (RCR) was less significant at 0.3%, down from the 6.1% growth posted in Q1 2021. Meanwhile, the Core Central Region (CCR) recorded a 0.6% increase.
\nPrice growth for landed homes was also slower at 0.8%, compared to the previous quarter\u2019s 6.7% increase.
\n\u201cAfter a strong run-up prices in Q1 2021, some landed home owners have raised their asking prices, putting them out of reach of some buyers, resulting in a pullback and slower price gains in Q2 2021,\u201d said Huttons Asia CEO Mark Yip.
\nSun attributed the slower pace of price growth to fewer new launches during the Phase 2 Heightened Alert period and fewer supply of new homes due to construction delays and labour crunch.
\n\u201cAs resale homes formed a higher proportion of transactions last quarter, the overall price index was pulled down by the lower prices. According to caveat data from URA, 60.5% of landed and non-landed homes were resale homes, higher than the 56.6% in the first quarter of this year,\u201d she added.
\nOver at the HDB resale market, prices increased 2.8% in Q2 2021, lower than the 3% hike registered in the previous quarter, showed flash estimates from the HDB.
\n\u201cThe slower price increase could be due to low volume and resistance towards paying more in cash over valuation (COV) among buyers,\u201d said Yip.
\nIn fact, transaction volume during Q2 2021 is estimated to be 8% lower than the previous quarter.
\n\u201cAlmost all 26 towns saw lower transacted volume in Q2 2021 except for Bukit Merah, Choa Chu Kang and Marine Parade,\u201d shared Yip.
\n\u201cThe lower volume is due to the restrictions imposed on viewings during Phase 2 (Heightened Alert),\u201d he said, noting that there is generally keen interest for resale flats amid delays in completion of new homes.
\nSuggested read:\u00a05 Most Popular HDB Estates Among Resale Flat Buyers (Our Top Agents Reveal Why) \u00a0
\nHe added that a total of 106 HDB flats were transacted for at least $1 million in the first half of 2021, compared with 82 such transactions last year and 64 in 2019.
\nWith this, Yip expects the number of million-dollar flat transactions to exceed 200 this year.
\n\u201cWhile it may make headlines for the transacted value, such transactions are less than 1% of the whole year transaction volume,\u201d he said.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home prices, HDB resale prices continue to increase in Q2 2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Private home prices, HDB resale prices continue to increase in Q2 2021Private home prices and...<\/p>\n","protected":false},"author":1,"featured_media":120573,"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-120572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-MRT-station.jpg?fit=819%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vmI","jetpack-related-posts":[{"id":122316,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flash-estimates-show-private-home-and-hdb-resale-prices-expected-to-rise-in-q3\/","url_meta":{"origin":120572,"position":0},"title":"Flash estimates show private home and HDB resale prices expected to rise in Q3","date":"October 1, 2021","format":false,"excerpt":"\r Flash estimates show private home and HDB resale prices expected to rise in Q3Prices for private residential properties and Housing and Development Board (HDB) resale flats are expected to increase in the third quarter of 2021, according to flash estimates.\u00a0 In Q3 2021, private residential prices are expected to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/ura-hdb-flash-estimates-home-sale-q3-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-hdb-resale-prices-increase-for-fifth-consecutive-quarter\/","url_meta":{"origin":120572,"position":1},"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":[]},{"id":111882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-up-in-q3-2019\/","url_meta":{"origin":120572,"position":2},"title":"Private home prices, HDB resale prices up in Q3 2019","date":"October 25, 2019","format":false,"excerpt":"\r Meanwhile, buyer demand for\u00a0HDB resale flats has remained surprisingly resilient, with 6,264 resale flats changing hands, which is almost on par with the 6,276 units transacted in Q2 2019. Despite rising global uncertainties, the impact of additional cooling measures and lukewarm consumer sentiment, Singapore\u2019s real estate market continued to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/10\/ura-property-price-index-q3-2019-singapore.png?fit=550%2C283&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/","url_meta":{"origin":120572,"position":3},"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). Nonetheless, it is still slightly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Pine-Close-HDB-flat-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-down-in-q1-2019\/","url_meta":{"origin":120572,"position":4},"title":"Private Home Prices, HDB Resale Prices Down In Q1 2019","date":"April 26, 2019","format":false,"excerpt":"\r Private home prices in Singapore fell 0.7 percent in the first quarter of 2019, notably larger than the\u00a00.1 percent decrease registered during the previous quarter, showed the Urban Redevelopment Authority (URA) data on Friday (26 April). It is also a notch higher than the 0.6 percent drop estimated by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-to-increase-further-but-at-a-slower-pace\/","url_meta":{"origin":120572,"position":5},"title":"HDB resale prices to increase further, but at a slower pace","date":"October 4, 2021","format":false,"excerpt":"\r HDB resale prices to increase further, but at a slower paceHDB resale flat prices have grown 8.9% since the start of 2021, with the projected\u00a0year-on-year increase set at an estimated 10% to 12%. Property analysts expect Housing and Development Board (HDB) resale prices to continue to increase in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HDB-Singapore.jpg?fit=810%2C422&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120572"}],"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=120572"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120573"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}