We’ve witnessed an interesting shift in the HDB resale market in recent years—an increasing number of homeowners are turning their attention to older flats, specifically those that are at least 40 years old. These older flats, once considered less desirable due to their age, have gradually become more prominent in the resale market. Rising Proportion of Older Flats Resold One look at HDB...
HDB
The Ministry of Development (MND) and Housing Development Board (HDB) have jointly announced a set of cooling measures for the HDB resale market and additional grants to provide further support to lower-to-middle income first-time home buyers. Adjustment of Loan-To-Value limit for HDB loans With effect from 20 August 2024, the Loan-to-Value (LTV) limit for HDB loans will be lowered from 80% to...
Continuing the trend of moderate price growth for resale flats, the latest HDB quarterly transaction data indicates a modest uptick in prices for 2Q 2024, with the Resale Price Index rising to 187.6. This is a 2.3% increase from the previous quarter, and a 6.6% from the same period in the previous year.”Similarly, the volume of resale HDB flat transactions showed upwards movement, reaching 7,352 units...
Unlike past years which saw at least four Built-to-Order (BTO) sales exercises in total, 2024 will have just three: one each in February, June, and October. However, with a total of 19,600 units being launched this year, this translates into more opportunities for applicants to secure a flat, plus greater freedom to take their pick from a larger pool of units and neighbourhoods. Source: HDB, ERA Research...
Just what could a ramp up in the supply of Built-To-Order (BTO) flats do for Singapore’s housing market? On one hand, it is likely to result in greater HDB flat availability for locals, and on the other, it could also lead to further price appreciation.Source: The Straits Times, 3 Mar 2023, ‘We will turn the corner soon’: Desmond Lee says nearly 100,000 homes slated to be ready by 2025, HDB; The...