New Reporter
03-07-23, 11:38
HDB resale volumes fall to three-year low in Q2; prices rise 1.4%
Jul 03, 2023
HOUSING and Development Board (HDB) resale flat volumes declined 4.6 per cent year on year to 6,409 flats in the second quarter of 2023.
This was the lowest in the last three years since Q3 2020, according to flash estimates released on Monday (Jul 3).
Resale prices rose 1.4 per cent from the previous quarter. Although this was higher than the 1 per cent growth recorded in Q1, the Q2 price increase was still lower than the 2022 average quarterly growth of 2.5 per cent.
Noting the multiple rounds of cooling measures implemented since December 2021, HDB said it is “seeing some moderation” in the rate of increase in resale HDB prices.
It also said that it will offer in August, around 6,700 Build-To-Order (BTO) flats in Choa Chu Kang, Kallang Whampoa, Queenstown and Tengah. This is higher than the previously announced range of between 5,200 and 6,200 units.
HDB will offer around 6,300 flats in the November BTO launch for flats located in Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown and Woodlands.
This brings the total number of flats to be launched in the second half of 2023 to 13,000 units, which is 31 per cent higher than the 9,923 units launched in the first half.
HDB said these numbers are subject to review as more project details will be firmed up closer to the launch dates.
https://www.businesstimes.com.sg/property/hdb-resale-volumes-fall-three-year-low-q2-prices-rise-14
Jul 03, 2023
HOUSING and Development Board (HDB) resale flat volumes declined 4.6 per cent year on year to 6,409 flats in the second quarter of 2023.
This was the lowest in the last three years since Q3 2020, according to flash estimates released on Monday (Jul 3).
Resale prices rose 1.4 per cent from the previous quarter. Although this was higher than the 1 per cent growth recorded in Q1, the Q2 price increase was still lower than the 2022 average quarterly growth of 2.5 per cent.
Noting the multiple rounds of cooling measures implemented since December 2021, HDB said it is “seeing some moderation” in the rate of increase in resale HDB prices.
It also said that it will offer in August, around 6,700 Build-To-Order (BTO) flats in Choa Chu Kang, Kallang Whampoa, Queenstown and Tengah. This is higher than the previously announced range of between 5,200 and 6,200 units.
HDB will offer around 6,300 flats in the November BTO launch for flats located in Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown and Woodlands.
This brings the total number of flats to be launched in the second half of 2023 to 13,000 units, which is 31 per cent higher than the 9,923 units launched in the first half.
HDB said these numbers are subject to review as more project details will be firmed up closer to the launch dates.
https://www.businesstimes.com.sg/property/hdb-resale-volumes-fall-three-year-low-q2-prices-rise-14