{"id":95053,"date":"2018-07-30T11:23:50","date_gmt":"2018-07-30T04:23:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/"},"modified":"2018-07-31T04:03:30","modified_gmt":"2018-07-30T21:03:30","slug":"hdb-resale-prices-rise-for-the-first-time-in-nine-quarters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","title":{"rendered":"HDB resale prices rise for the first time in nine quarters"},"content":{"rendered":"


\nThe latest round of property curbs is expected to make buyers turn to the HDB resale market, where properties are cheaper.
\nPrices 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 resale prices may be bottoming out.
\nHDB resale transactions rose 33.3 percent from 4,458 cases in Q1 2018 to 5,941 in Q2 2018, showed HDB data.
\nMore: HDB resale prices up 0.1%, govt to offer BTO flats in Punggol and Yishun
\nOrangeTee & Tie head of research and consultancy Christine Sun believes the strong demand for resale homes may be \u201csupply-driven as more units had been completed in recent years and being put up for resale after they reached the five year MOP (minimum occupation period)\u201d.
\nShe revealed that the number of HDB flat completions soared 124 percent to 15,456 units in 2011 to 2013 from 6,902 units in 2008 to 2010. In fact, she expects the resale volume \u201cto rise in the coming years as an avalanche of 25,323 HDB flats were completed from 2014-2017 and will reach MOP from next year\u201d.
\nWith the government\u2019s latest round of property cooling measures, ERA Realty\u2019s key executive officer Eugene Lim expects homeowners with tighter budgets as well as en bloc owners to turn to the HDB resale market, where properties are cheaper.
\n\u201cResale flats remain the only way for buyers to pick a flat in a location of choice, and unlike BTO flats, the eligibility conditions are far less stringent; especially if the buyer is not applying for CPF Housing Grants; or not taking a home loan through the HDB,\u201d he noted.
\n\u201cHowever, as buyers who wish to take loans will have to choose between bank loans, will be affected by the lower LTV, or HDB loans, which have higher interest rates, transaction volume of resale flats is expected to be affected as well.\u201d
\nLim predicts total resale transactions for this year to range between 20,000 to 22,000 units, slightly lower than the 22,077 units transacted in 2017.
\nMeanwhile, the number of approved applications to rent out HDB flats increased 2.6 percent to 12,024 in Q2 2018 from 11,721 during the previous quarter.
\nLim revealed that 23,745 units were rented out in H1 2018, up 13.6 percent from the 20,910 units rented out in H1 2017.
\n\u201cFor the more budget conscious tenant, HDB flats remain the accommodation of choice due to their combination of location and budget,\u201d he said.
\nMeanwhile, HDB said it will offer 4,300 Build-to-Order (BTO) flats in Punggol and Yishun in August. Aside from the new flats, a Re-Offer of Balance Flats exercise will also be held.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides. Can you afford an HDB resale flat? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited 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 rise for the first time in nine quarters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest round of property curbs is expected to make buyers turn to the HDB...<\/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-95053","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-oJ7","jetpack-related-posts":[{"id":100644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","url_meta":{"origin":95053,"position":0},"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":20866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-stay-flat-in-q2\/","url_meta":{"origin":95053,"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":39460,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-1-in-2016\/","url_meta":{"origin":95053,"position":2},"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":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":95053,"position":3},"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":108612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-continue-to-fall-in-q2\/","url_meta":{"origin":95053,"position":4},"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":62058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-down-0-1-in-q2\/","url_meta":{"origin":95053,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95053"}],"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=95053"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}