{"id":93533,"date":"2018-07-10T09:25:57","date_gmt":"2018-07-10T02:25:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-to-buy-hdb-resale-flats-instead-due-to-new-curbs\/"},"modified":"2018-07-10T10:08:22","modified_gmt":"2018-07-10T03:08:22","slug":"people-to-buy-hdb-resale-flats-instead-due-to-new-curbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-to-buy-hdb-resale-flats-instead-due-to-new-curbs\/","title":{"rendered":"People to buy HDB resale flats instead due to new curbs"},"content":{"rendered":"


\nExperts revealed that the government\u2019s surprise implementation of new cooling measures on the private residential market last week is expected to prompt some people to buy HDB resale flats instead, but the number is unlikely to be significant, reported Channel NewsAsia.
\n\u201cIt is only beneficial to people who probably wanted to upgrade from HDB to a private property, but given the new measures and the more negative outlook, they decide to upgrade to HDB instead,\u201d said International Property Advisor\u2019s Chief Executive Ku Swee Yong.
\n\u201cIn terms of real numbers, I would guess it would be several hundred (units) a year,\u201d he estimated, adding that the marginal gain is unlikely to be sufficient enough to push HDB resale prices up.
\nThe authorities decided to impose new property curbs after statistics showed that prices of private residences increased by 9.1 percent year-on-year in Q2 2018, with analysts forecasting that prices would soon rebound to their peak in 2013.
\nZACD Group\u2019s executive director Nicholas Mak thinks that the HDB market will likely remain at \u201cstatus quo\u201d despite the new property cooling measures as most first-time home buyers typically prefer to purchase Build-To-Order (BTO) units or resale HDB flats due to their affordability.
\n\u201cIn the first place, they are already going to buy an HDB, so the cooling measures have no impact. It is those living in HDB flats and thinking of buying a condominium, these people will be affected.\u201d
\n\u201cThere will be some turning from private to resale properties, but this number is so little that it\u2019s not going to make a difference.\u201d
\nChris International\u2019s Director Chris Koh concurs that the private property curbs is unlikely to have a large impact on the HDB resale market as people who sell an HDB flat usually purchase another one.
\nNevertheless, many could wait on the sidelines and watch the impact of the new cooling measures on private home prices.
\n\u201cHistorically, the second and third quarter are good quarters So if the second quarter can register good stablisation, it will attract buyers to come back into the market. Many want to let prices slide further, but when they realise that prices are not sliding anymore, then they will come back into the market,\u201d he added.
\n\u00a0
\nSenior Content Producer, Christopher Chitty, edited this story.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…People to buy HDB resale flats instead due to new curbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Experts revealed that the government\u2019s surprise implementation of new cooling measures on the private residential...<\/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-93533","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-okB","jetpack-related-posts":[{"id":95053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","url_meta":{"origin":93533,"position":0},"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":100644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","url_meta":{"origin":93533,"position":1},"title":"HDB resale prices dip 0.1% in Q3","date":"October 29, 2018","format":false,"excerpt":"\r HDB resale prices have been lacklustre due to the large supply of unsold BTO flats, says one analyst. Despite a higher number of transactions, resale prices of HDB flats dipped by 0.1 percent in Q3 2018 on a quarterly basis, said the Housing and Development Board (HDB) on Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49345,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/get-the-guru-view-hdb-resale-a-buyers-market\/","url_meta":{"origin":93533,"position":2},"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":103402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/71-hdb-flats-changed-hands-for-over-1mil-in-2018\/","url_meta":{"origin":93533,"position":3},"title":"71 HDB flats changed hands for over $1mil in 2018","date":"January 28, 2019","format":false,"excerpt":"\r The number of HDB resale deals has increased significantly from just two in 2014 and 46 in 2017. A record number of HDB resale flats were sold at over $1 million for the whole of 2018, even though the island-wide prices of such units have fallen for the fifth\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":93533,"position":4},"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":93893,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-market-to-benefit-from-new-cooling-measures\/","url_meta":{"origin":93533,"position":5},"title":"HDB market to benefit from new cooling measures","date":"July 16, 2018","format":false,"excerpt":"\r While the government\u2019s latest round of property cooling measures may prove to be a bane for en bloc sale aspirants, some developers and home loan providers, some analysts expect the new curbs to benefit the HDB market in the near-term, reported Singapore Business Review. Larger HDB units may witness\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\/93533"}],"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=93533"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=93533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=93533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=93533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}