HDB resale prices see further declines

Romesh Navaratnarajah • 24 Oct 2014

Prices of HDB resale flats fell by 1.7 percent in Q3 2014 after declining by 1.4 percent in the quarter before. This is the fifth consecutive quarter of decline and the steepest drop compared to the previous four quarters.

Resale transactions increased by 2.8 percent quarter-on-quarter to 4,513 cases in Q3.

 

HDB rental market

Subletting transactions increased by 5.5 percent to 8,923 cases in Q3 2014 from the preceding quarter. The total number of HDB flats approved for subletting rose by 1.5 percent to 47,707 units in the July to September period from the previous three months.

 

Upcoming sales launches

Since January this year, HDB has offered 18,178 Build-to-Order (BTO) flats and 3,383 balance flats under the BTO and Sale of Balance Flats (SBF) exercises. HDB is on track to launch 22,400 BTO flats for the whole of 2014.

Next month, HDB will launch about 4,290 BTO flats in Sembawang, Sengkang, Tampines and Yishun. An additional 3,000 flats will be offered in a concurrent SBF exercise.

 

Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg

Thailand Property Show 2014

HDB prices are way too high
Oct 24, 2014
HDB prices, some > 1 mil SGD, are way too high for public housing. Ideally, should fall > 20%. One way is to ban HDB from subletting as this will ensure HDB is for housing the public, not rental/income gain purposes.
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