{"id":78033,"date":"2018-01-26T11:21:50","date_gmt":"2018-01-26T04:21:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-could-bottom-out-in-2018\/"},"modified":"2018-01-26T12:06:05","modified_gmt":"2018-01-26T05:06:05","slug":"hdb-resale-prices-could-bottom-out-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-could-bottom-out-in-2018\/","title":{"rendered":"HDB resale prices could bottom out in 2018"},"content":{"rendered":"


\nAnalysts expect resale flat prices to remain flat this year.
\nHDB resale flat prices fell by 0.2 percent in Q4 2017 from the previous three-month period. For the whole year, prices dropped by 1.5 percent, revealed more complete data released by the Housing Board on Friday (26 January).
\nResale flat transactions also fell by 1.2 percent to 5,738 cases in Q4 2017 from the previous quarter. However, the figure was up 14.5 percent from the same period in 2016. In addition, resale transactions rose by 6.1 percent to 22,077 cases in 2017 from the previous year.
\nCommenting, Eugene Lim, Key Executive Officer at ERA Realty, said prices are expected to bottom out due to spillover effects from the private housing market\u2019s recovery. \u00a0
\n\u201cFor 2018, we are expecting resale HDB prices to remain flat. Any price increase is likely to be very moderate and would not exceed 1.0 percent for 2018,\u201d he said.
\nMeanwhile, there was some growth in the HDB rental market with 53,750 units rented out as at 31 December 2017, an increase of 0.6 percent over Q3. Year-on-year, the number of approved applications to rent out flats was 5.6 percent higher. \u00a0
\n\u201cFor the more budget conscious tenant, HDB flats remain the accommodation of choice due to their combination of location and budget,\u201d said Lim.
\nLooking ahead, HDB said it will launch about 17,000 new flats for sale in 2018. The next BTO exercise takes place in February, with about 3,600 flats offered in Choa Chu Kang, Geylang, Tampines and Woodlands. There will also be a concurrent re-offer of balance flats exercise.
\nSEE ALSO: Ultimate BTO guide
\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 prices could bottom out in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts expect resale flat prices to remain flat this year. HDB resale flat prices fell...<\/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-78033","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-kiB","jetpack-related-posts":[{"id":53173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-market-to-see-positive-growth-in-2h-2017\/","url_meta":{"origin":78033,"position":0},"title":"HDB market to see positive growth in 2H 2017","date":"April 28, 2017","format":false,"excerpt":"\r HDB resale flat prices fell 0.5 percent in Q1 2017. Resale flat prices in Singapore fell 0.5 percent in Q1 2017 from the previous quarter, according to more detailed statistics released by the Housing and Development Board (HDB) this morning. The resale price index, which tracks the overall price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transaction-up-2-7-in-2019\/","url_meta":{"origin":78033,"position":1},"title":"HDB resale transaction up 2.7% in 2019","date":"January 24, 2020","format":false,"excerpt":"\r Resale flat prices also rose 0.5% quarter-on-quarter.\u00a0 There were 23,714 resale flat transactions in 2019, the highest in 7 years. This figure is also 2.7% higher compared to 2018, where there were 23,099 transactions, based on HDB\u2019s Q4 2019 public housing data.\u00a0 On a quarterly basis, resale transactions increased\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"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":78033,"position":2},"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":39460,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-1-in-2016\/","url_meta":{"origin":78033,"position":3},"title":"HDB resale prices down 0.1% in 2016","date":"January 3, 2017","format":false,"excerpt":"\r Resale flat prices fell slightly in 2016, revealed HDB data. Prices of HDB resale flats fell by 0.1 percent for the whole of 2016, according to flash estimates of the Resale Price Index (RPI). Resale flat prices for the fourth quarter of 2016 also dropped by 0.1 percent from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transactions-down-9-1-in-q4\/","url_meta":{"origin":78033,"position":4},"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":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":78033,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78033"}],"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=78033"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78033\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}