{"id":122742,"date":"2021-10-22T03:48:27","date_gmt":"2021-10-21T20:48:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/"},"modified":"2021-10-22T12:13:34","modified_gmt":"2021-10-22T05:13:34","slug":"hdb-resale-prices-transactions-up-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/","title":{"rendered":"HDB resale prices, transactions up in Q3"},"content":{"rendered":"


\nQuarter-on-quarter, Q3 2021 HDB resale prices\u00a0increased\u00a02.9% while\u00a0transaction volumes increased 19.4%.
\nResale 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).
\nNonetheless, it is still slightly higher than the 2.7% hike in the flash estimates released earlier by the Housing Board.
\n\u201cThe pace of price gains has probably peaked as buyers resist paying higher prices for resale flats,\u201d said Lee Sze Teck, Senior Director of Research at Huttons Asia.
\nHe pointed that HDB resale prices have increased by 9.1% for the first nine months of 2021, by 14.2% from the circuit breaker in Q2 2020, and by 15.1% from the bottom in Q2 2019.
\nIn fact, it is now 0.8% above the previous peak in Q2 2013.
\nDespite this, he noted that demand for flats remained strong in Q3 2021 as transaction volume rose 19.4% to 8,433 units from the previous quarter\u2019s 7,063 units.
\n\u201cBuyers are entering the resale market to satisfy their urgent need for a home,\u201d he said.
\nLooking ahead, Lee expects the transaction volume for this year to hover between 29,000 and 30,000 units.\u00a0
\n\u201cPrices may increase by another 2% to 2.5% in Q4 2021, bringing the price gains for the whole year to more than 11%, the largest gains since 2010,\u201d he added.
\nOver at the rental market, HDB approved 10,417 applications to rent out HDB flats in Q3 2021, down 5.1% from Q2 2021\u2019s 10,979 applications.
\nAs at end-Q3 2021, the number of HDB flats rented out stood at 57,321, down 0.8% from 57,755 in the previous quarter.
\nHDB revealed that it will offer around 4,400 Build-To-Order (BTO) flats in Hougang, Choa Chu Kang, Kallang Whampoa, Tengah and Jurong West in November.
\n\u201cThe projects are under review, and more details will be announced when ready,\u201d it said.
\nHDB added that it is on track to launch around 17,000 BTO flats this year, up from the 14,600 flats launched in 2019 and the 16,800 flats in 2020.
\n\u201cIncluding about 5,300 flats in the Sale of Balance Flats (SBF) exercises and open booking, a total of 22,300 flats will be offered in 2021,\u201d it said.
\n\u201cHDB will continue ramping up the flat supply to a higher level, and launch more than 17,000 flats in 2022, to meet the strong demand.\u201d
\nNotably, about 2,000 to 3,000 BTO flats in Tengah, Geylang and Yishun will be offered by HDB in February next year.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale prices, transactions up in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Quarter-on-quarter, Q3 2021 HDB resale prices\u00a0increased\u00a02.9% while\u00a0transaction volumes increased 19.4%. Resale prices for Housing and...<\/p>\n","protected":false},"author":1,"featured_media":122743,"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-122742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Pine-Close-HDB-flat-crop.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vVI","jetpack-related-posts":[{"id":111882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-up-in-q3-2019\/","url_meta":{"origin":122742,"position":0},"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":98874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-on-decline-again\/","url_meta":{"origin":122742,"position":1},"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":108612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-continue-to-fall-in-q2\/","url_meta":{"origin":122742,"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":70172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-drop-in-q3\/","url_meta":{"origin":122742,"position":3},"title":"HDB resale prices, transactions drop in Q3","date":"October 27, 2017","format":false,"excerpt":"\r View of HDB flats in Ghim Moh. Prices and transactions of resale flats fell in the third quarter of 2017, according to latest data released by the Housing and Development Board (HDB) on Friday (27 October). 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