{"id":44908,"date":"2017-02-21T12:29:10","date_gmt":"2017-02-21T05:29:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-demand-expected-for-hdb-resale-flats-experts\/"},"modified":"2017-02-21T12:30:38","modified_gmt":"2017-02-21T05:30:38","slug":"higher-demand-expected-for-hdb-resale-flats-experts","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-demand-expected-for-hdb-resale-flats-experts\/","title":{"rendered":"Higher demand expected for HDB resale flats: experts"},"content":{"rendered":"


\nDespite expectations of higher demand in the HDB resale market, prices are not likely to shoot up, say analysts.\u00a0 \u00a0
\nHDB resale flats have become more appealing for first-time buyers in light of the higher CPF housing grants announced as part of yesterday\u2019s budget, said Eugene Lim Key Executive Officer at ERA Realty Network.
\n\u201cBuyers who are sitting on the fence may very well tilt towards a resale flat with this announcement, as resale transaction time is a fraction of the three-year waiting period for a Build-To-Order (BTO) flat,\u201d he noted.
\nHowever, he doesn\u2019t expect HDB resale prices to rise anytime soon, as many HDB flats are largely similar in design, space and other attributes. If some sellers were to increase their prices rashly, prospective buyers could easily turn to those offering similar flats at lower prices, he said.
\nMeanwhile, JLL\u2019s National Director for Research and Consultancy, Ong Teck Hui, expects the hike in CPF housing grants to sustain growth in HDB resale volumes, which rose by 7.8 percent year-on-year in 2016, while resale prices, which have remained largely flat since Q3 2015, are projected to stabilise or rise slightly due to better demand.
\nOn Monday (20 February), Finance Minister Heng Swee Keat announced that CPF housing grants would be raised from $30,000 to $50,000 for first-timers looking to buy 4-room or smaller HDB flats on the resale market. For 5-room or bigger flats, the grants will be increased from $30,000 to $40,000.
\nLikewise, grants for first-time single buyers will go up from $15,000 to $25,000 for those planning to purchase 4-room or smaller resale flats. For larger units, it will be raised from $15,000 to $20,000.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Higher demand expected for HDB resale flats: experts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite expectations of higher demand in the HDB resale market, prices are not likely to...<\/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-44908","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-bGk","jetpack-related-posts":[{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":44908,"position":0},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":49345,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/get-the-guru-view-hdb-resale-a-buyers-market\/","url_meta":{"origin":44908,"position":1},"title":"Get the Guru View: HDB resale – A buyer\u2019s market","date":"March 24, 2017","format":false,"excerpt":"\r Upcoming BTO launches could draw demand away from the HDB resale market. The HDB resale market has seen prices stay flat since Q2 2015. With an increase in the grants available for use, will this market start to see a pickup in 2017? We give you the Guru View.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Guru-View-HDB-Resale-Price-Index-and-Transcation-Volume.jpg?fit=792%2C442&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-1-govt-to-offer-bto-flats-in-punggol-and-yishun\/","url_meta":{"origin":44908,"position":2},"title":"HDB resale prices up 0.1%, govt to offer BTO flats in Punggol and Yishun","date":"July 3, 2018","format":false,"excerpt":"\r Demand for HDB resale flats is stronger due to interest from displaced en bloc owners and positive sentiment in the private residential market.\u00a0 Prices of HDB resale flats edged up 0.1 percent in Q2 2018 on a quarterly basis, according to flash estimates released by the Housing Board on\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":44908,"position":3},"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":102628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-9-in-2018\/","url_meta":{"origin":44908,"position":4},"title":"HDB resale prices down 0.9% in 2018","date":"January 2, 2019","format":false,"excerpt":"\r HDB resale flats in the Ghim Moh area. Resale prices of HDB flats dropped by 0.9 percent for the whole of 2018, revealed the Housing and Development Board (HDB) on Wednesday (2 Jan). For the fourth quarter of 2018, resale flat prices dipped by 0.2 percent from the previous\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/incomes-have-kept-pace-with-prices-of-new-hdb-units-resale-flats\/","url_meta":{"origin":44908,"position":5},"title":"Incomes have kept pace with prices of new HDB units, resale flats","date":"November 3, 2021","format":false,"excerpt":"\r HDB subsidies for new and resale flats keep public housing affordable; among resale flat buyers who have taken\u00a0up an HDB loan, the mortgage servicing ratio\u00a0has remained stable at 23%. New Housing and Development Board (HDB) units and resale flats continue to remain affordable as incomes of Singaporeans have generally\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Colour-Scheme-HDB-e1479092279776.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\/44908"}],"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=44908"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}