Page 1 of 31 12345611162126 ... LastLast
Results 1 to 10 of 303

Thread: HDB and private property prices up in Q1 flash estimates

  1. #1
    Newbie
    Join Date
    Mar 2008
    Posts
    97

    Default HDB and private property prices up in Q1 flash estimates

    Channelnewsasia: Posted: 01 April 2008 1345 hrs

    Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

    The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year.

    On a quarter-on-quarter basis, the biggest rise in property prices for non-landed properties came from outside central region - up 4.8 percent in the January-March quarter compared with the October-December period.

    Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa, rose 4.4 percent on quarter.

    Prices in the rest of the central region increased 3.9 percent in the first quarter from the previous three months.

    The preliminary estimates were based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

    Meantime, the Housing and Development Board (HDB) said prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months. This was lower than the 5.7 percent increase in the fourth quarter.

    Both the URA and HDB will release final figures at the end of April.

    The URA said that as at 4th Quarter 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

    There are also some 38,300 units that have yet to be put on sale by developers.

    As for the supply of government flats, the HDB said it had made available in the first quarter of this year some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

    It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

    The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

    This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the first half of 2008. - CNA/sf

  2. #2
    Newbie
    Join Date
    Mar 2008
    Posts
    97

    Default Re: HDB and private property prices up in Q1 flash estimates

    URA releases flash 1st quarter 2008 private residential property price index
    The Urban Redevelopment Authority (URA) released today the flash estimate of the price index of private residential property for 1st Quarter 2008.
    Based on the estimated price index of private residential property, prices rose from 170.8 points in the 4th Quarter 2007 to 178 points in the 1st Quarter 2008. This represents an increase of 4.2%, compared with the 6.8% increase in the previous quarter (see Annex A).
    URA also released today the flash estimates of the price changes in the 3 geographical regions for 1st Quarter 2008. Prices of non-landed private residential properties increased by 4.4% in Core Central Region, 3.9% in Rest of Central Region and 4.8% in Outside Central Region in the quarter (see Annex B). In comparison, for 4th Quarter 2007, prices of non-landed private residential properties increased by 7.5% in Core Central Region, 7.7% in Rest of Central Region and 7.0% in Outside Central Region.
    The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by information on the number of new units sold. The statistics will be updated 4 weeks later when URA releases the full 1st Quarter 2008 real estate statistics, when more data on the caveats lodged and the take-up of new projects are captured. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.
    The Government will continue to monitor prices closely and release relevant price sensitive information in a timely manner. On the supply side, as at 4th Quarter 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011. About 38,300 units of the supply in the pipeline (or 59%) have not been sold by developers yet. Prospective home-buyers are advised to take into consideration the ample pipeline supply of private housing when making decisions on property purchase.

  3. #3
    Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Re: HDB and private property prices up in Q1 flash estimates

    April 1, 2008

    S'pore home prices slow after record year

    By Joyce Teo


    SINGAPORE private home prices rose at the slowest in more than a year in the first quarter of this year, reflecting a general slow down in the property market.

    Prices of private homes gained 4.2 per cent in the first three months, after rising 6.8 per cent in the previous quarter, according to early quarterly estimates released by the Urban Redevelopment Authority (URA) on Tuesday.

    Prices of non-landed private homes in the core central region of Singapore such as Orchard Road and Sentosa Cove rose by 4.4 per cent, compared with a 7.5 per cent rise in the previous quarter.

    Non-landed private home prices rose 3.9 per cent in the rest of central region and 4.8 per cent in areas outside the central region or suburban areas. In the previous quarter, these prices went up by 7.7 per cent and 7 per cent respectively.

    Private home prices jumped 31 per cent last year on the back of a booming economy - to an 11-year high. The market has since slowed considerably in the wake of the global credit crunch and the jittery stock market.

    The URA on Tuesday advised prospective home-buyers that there is ample supply of private housing in the pipeline.

    'As at the fourth quarter of 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011,' said the URA.

    About 38,300 units, or 59 per cent of the total, haven't been sold, the authority said.

    Singapore's residential property market outpaced increases in China and Bulgaria, researcher Global Property Guide said in a Dec 19 report. Prices excluding inflation climbed 24 per cent, the researcher said.

    The figures released by the authority are preliminary and based on transaction prices lodged during the first 10 weeks of the quarter. The statistics will be updated four weeks later, the authority said in today's statement.

    The URA will release the full first quarter real estate statistics in four weeks' time.

  4. #4
    Unregistered
    Guest

    Default Re: HDB and private property prices up in Q1 flash estimates

    Stupid fool! Go up for fhat?

  5. #5
    Unregistered
    Guest

    Default Re: HDB and private property prices up in Q1 flash estimates

    Quote Originally Posted by Unregistered
    Stupid fool! Go up for fhat?
    Hello! You scolding who? The price index? It is not a living thing lah.

  6. #6
    Unregistered
    Guest

    Unhappy Re: HDB and private property prices up in Q1 flash estimates

    Quote Originally Posted by Unregistered
    Stupid fool! Go up for fhat?
    no volume ..that means more homes in market ....inventory of vacant homes increases ......prices go down....then index go down lah ....index go down prices go down ..what else

    if there are 100 sales in month ...100X12=1200 a year = 6000 in year and how much in pipeline planned 780000 for next five yrs ..what abt those holding two properties and wants to sale ............???????????????????????? all confusion liao .....

  7. #7
    Unregistered
    Guest

    Default Re: HDB and private property prices up in Q1 flash estimates

    Quote Originally Posted by Unregistered
    no volume ..that means more homes in market ....inventory of vacant homes increases ......prices go down....then index go down lah ....index go down prices go down ..what else

    if there are 100 sales in month ...100X12=1200 a year = 6000 in year and how much in pipeline planned 780000 for next five yrs ..what abt those holding two properties and wants to sale ............???????????????????????? all confusion liao .....
    Hello! I'm already quite pissed. Don't add insults.

    Don't give me all the cock and bull. It doesn't work on me. I can read the index.

    Why not suggest something we can do to bring the index down? That is more benefical and meaningful. We must do something - not talk.

  8. #8
    Unregistered
    Guest

    Default Re: HDB and private property prices up in Q1 flash estimates

    Quote Originally Posted by Unregistered
    no volume ..that means more homes in market ....inventory of vacant homes increases ......prices go down....then index go down lah ....index go down prices go down ..what else

    if there are 100 sales in month ...100X12=1200 a year = 6000 in year and how much in pipeline planned 780000 for next five yrs ..what abt those holding two properties and wants to sale ............???????????????????????? all confusion liao .....
    no volume ..that means more sellers holding, dont want to let go at discount.....panic buyers had to queue longer......prices go up....then index go up lah ....index go up prices go up ..what else

    thousands of relocate professionals, tenants, new PR/citizen will join the queue, where got enough stock for them, demand over supply, price will shoot!

  9. #9
    Unregistered
    Guest

    Question Re: HDB and private property prices up in Q1 flash estimates

    Quote Originally Posted by Unregistered
    no volume ..that means more homes in market ....inventory of vacant homes increases ......prices go down....then index go down lah ....index go down prices go down ..what else

    if there are 100 sales in month ...100X12=1200 a year = 6000 in year and how much in pipeline planned 780000 for next five yrs ..what abt those holding two properties and wants to sale ............???????????????????????? all confusion liao .....
    Hello , Everthing blur..blur to sale or not to sale that is the question.Can buy gold and sale property

  10. #10
    Unregistered
    Guest

    Default Re: HDB and private property prices up in Q1 flash estimates

    Quote Originally Posted by Unregistered
    Hello! I'm already quite pissed. Don't add insults.

    Don't give me all the cock and bull. It doesn't work on me. I can read the index.

    Why not suggest something we can do to bring the index down? That is more benefical and meaningful. We must do something - not talk.

    Sorry, what is your stand?

    You said you are already quite pissed, etc., but did not say what you are pissed about? Index up or index down, or index up too slowly?

    Then you said about bringing the index down??

    Can get your point. You want the index (and the market) to go up or come down?

Page 1 of 31 12345611162126 ... LastLast

Similar Threads

  1. Singapore private home prices up 0.8% in Q3 from previous quarter: URA flash estimate
    By New Reporter in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 01-10-20, 19:28
  2. HDB resale prices up 0.2% in Q2 amid Covid-19 outbreak: flash estimates
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 02-07-20, 20:41
  3. HDB resale flat prices dip 0.2% in Q2: Flash estimates
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 03-07-19, 15:41
  4. HDB resale prices down 0.1% in Q1: flash estimates
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 01-04-16, 18:56
  5. Private home prices down in Q1 flash estimate
    By princess_morbucks in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 05-04-14, 17:40

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •