Results 1 to 2 of 2

Thread: HDB resale prices dip 0.6% but sales rise

  1. #1
    Join Date
    Oct 2011
    Posts
    10,829

    Default HDB resale prices dip 0.6% but sales rise

    HDB resale prices dip 0.6% but sales rise

    Mar 9, 2018

    Derek Wong


    Prices of Housing Board (HDB) resale flats dipped slightly for the second month running, but the volume of flats sold increased.

    February's prices fell 0.6 per cent compared with January prices, according to SRX flash estimates yesterday. January prices had also fallen 0.5 per cent from last December's prices.

    However, there was a 9.6 per cent increase in resale flats sold last month, from 1,090 units to 1,195 units. Prices for last month have decreased 2.4 per cent from February last year, and are down 13.5 per cent since the peak in April 2013.

    The number of resale flat units sold last month was also a rise of 9.7 per cent compared with a year ago, when 1,089 units were sold.

    The resale prices of three-room, four-room and executive flats decreased, but prices of five-room flats increased by 0.5 per cent, compared with January.

    Prices in mature estates remained the same, but the prices of flats in non-mature estates went down by 1.1 per cent. Pasir Ris and Serangoon featured the highest median Transaction Over X-Value (TOX) figures. This means that many buyers in these areas bought units above the computer-generated market value. Ang Mo Kio and Toa Payoh had the most negative median TOX figures. Real estate portal SRX said most buyers in both towns bought flats below market value.

    ZACD Group executive director Nicholas Mak said the dip in prices is in line with falling prices throughout last year. "One of the biggest selling points of resale flats is getting the keys within weeks. But reducing the waiting time for Build-To-Order flats might draw demand away from the resale market."

  2. #2
    Join Date
    Oct 2011
    Posts
    10,829

    Default

    HDB resale flat prices fell in Feb, but number sold rose

    Fri, Mar 09, 2018


    PRICES of Housing Board (HDB) resale flats dipped slightly for the second month running, but the volume of flats sold increased.

    February's prices fell 0.6 per cent compared with January prices, according to SRX flash estimates on Thursday. January prices had also fallen 0.5 per cent from last December's prices.

    However, there was a 9.6 per cent increase in resale flats sold last month - from 1,090 units to 1,195 units.

    Prices for last month have decreased 2.4 per cent from February last year, and are down 13.5 per cent since the peak in April 2013.

    The resale prices of three-room, four-room and executive flats decreased, but prices of five-room flats increased by 0.5 per cent compared with January.

    Prices in mature estates remained the same, but the prices of flats in non-mature estates went down by 1.1 per cent.

    Pasir Ris and Serangoon featured the highest median transaction over x-value (T-O-X) figures. This means that many buyers in these areas purchased units above the computer-generated market value.

    Ang Mo Kio and Toa Payoh had the most negative median T-O-X figures. SRX said the majority of buyers in both towns bought flats below the market value.

Similar Threads

  1. Sharp rise in resale private home sales
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 13-04-16, 16:49
  2. Resale suburban condo prices rise
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 15-03-13, 16:25
  3. Non-landed resale prices on the rise in Jan
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 6
    -: 06-03-13, 09:36
  4. Prices of private resale flats rise 0.6%
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 13-02-13, 15:54
  5. HDB resale prices to rise
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 5
    -: 03-09-09, 18:23

Posting Permissions

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