{"id":31940,"date":"2016-10-28T10:00:05","date_gmt":"2016-10-28T03:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-market-shows-signs-of-stabilising\/"},"modified":"2016-10-28T11:39:55","modified_gmt":"2016-10-28T04:39:55","slug":"hdb-resale-market-shows-signs-of-stabilising","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-market-shows-signs-of-stabilising\/","title":{"rendered":"HDB resale market shows signs of stabilising"},"content":{"rendered":"


\nHDB resale flat prices appear to have bottomed out.
\nResale prices of HDB flats in the third quarter of 2016 remained unchanged from the previous three-month period, revealed more complete data published by the Housing Board on Friday (28 October).
\nBut resale transactions fell 5.5 percent from 5,838 cases in Q2 to 5,514 cases in Q3.
\nThe number of applications approved to sublet HDB flats dropped 8.8 percent from 11,824 cases in Q2 to 10,789 cases last quarter. As at 30 September, 52,394 HDB flats were sublet, up 0.4 percent from 52,171 units in Q2.
\n\u201cThe HDB market is showing signs of stabilising as the price gap between buyers and sellers narrow. So, barring unforeseen economic shocks, the secondary market ought to be entering a new state of equilibrium. The potential increase in the US Fed rate may be a concern, but this may be cushioned by government grants offered to buyers,\u201d said Dr Lee Nai Jia, Director, Head of Southeast Asia Research at property consultancy Edmund Tie & Co.
\n\u201cAdditionally, we anticipate public homes in the central area to command high prices, unless policies \u2013 aimed at protecting the objectives of public housing \u2013 are enacted,\u201d he added.
\nMeanwhile, the HDB will launch about 5,090 new flats in Bedok, Bidadari, Kallang Whampoa and Punggol in the November Build-To-Order (BTO) exercise. About 5,000 balance flats will also be offered in a concurrent Sale of Balance Flats exercise.
\nSource: HDB
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB resale market shows signs of stabilising<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB resale flat prices appear to have bottomed out. Resale prices of HDB flats in...<\/p>\n","protected":false},"author":1,"featured_media":31941,"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-31940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/HDB-resale-price-index-Q3-2016-1.jpg?fit=556%2C225&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8ja","jetpack-related-posts":[{"id":62058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-down-0-1-in-q2\/","url_meta":{"origin":31940,"position":0},"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":20866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-stay-flat-in-q2\/","url_meta":{"origin":31940,"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":70172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-drop-in-q3\/","url_meta":{"origin":31940,"position":2},"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). The Resale Price Index declined by 0.7 percent, compared to a 0.1 percent\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":31940,"position":3},"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":119976,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-3-1-in-q4-2020-5-in-2020\/","url_meta":{"origin":31940,"position":4},"title":"HDB resale prices up 3.1% in Q4 2020, 5% in 2020","date":"January 22, 2021","format":false,"excerpt":"\r For the whole of 2020, prices grew 5%, the steepest increase since Q4 2012 and higher than the 0.1% gain registered in 2019. Despite the difficult economic conditions, the HDB resale market remained in good shape, with prices rising for the third consecutive quarter by 3.1% in the fourth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Colour-Scheme-HDB-e1479092279776.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":41977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transactions-down-9-1-in-q4\/","url_meta":{"origin":31940,"position":5},"title":"HDB resale transactions down 9.1% in Q4","date":"January 26, 2017","format":false,"excerpt":"\r View of HDB flats in the western region of Singapore. Resale prices of HDB flats dipped by 0.1 percent in the fourth quarter of 2016, according to more complete data published by the Housing Board. For the whole of 2016, the Resale Price Index slipped by 0.1 percent. On\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\/31940"}],"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=31940"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/31940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/31941"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=31940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=31940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=31940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}