HWZ Forums

Login Register FAQ Mark Forums Read

[CHEERS PPL SAVE ALOT!] HDB resale prices dip 0.1% in November but volume rises 11.2%: SRX Property

Reply
 
LinkBack Thread Tools
Old 07-12-2017, 02:49 PM   #1
Banned
 
Join Date: Jan 2011
Posts: 3,521
[CHEERS PPL SAVE ALOT!] HDB resale prices dip 0.1% in November but volume rises 11.2%: SRX Property



SINGAPORE - HDB resale prices continued to weaken, edging down 0.1 per cent in November from a month ago, while sales volume continued to strengthen with a 11.2 per cent increase, SRX Property flash estimates showed on Thursday (Dec 7).

The price dip last month was smaller than the 0.2 per cent month-on-month decline in October. October's figure was revised up from a 0.3 per cent drop.

From a year ago, HDB resale prices in November were 2.3 per cent lower, and 12.6 per cent below their peak in April 2013.

Month on month, only five-room flats saw a price increase - of 0.4 per cent - while three-room, four-room and executive flats recorded price dips of 0.3 per cent, 0.1 per cent and 0.1 per cent respectively.

Resale prices in mature estates reversed October's drop with a 0.3 per cent rise, while prices of flats in non-mature estates declined by 0.4 per cent.



Demand for HDB resale flats was stronger, both on a monthly and yearly basis.

SRX Property said that 1,980 resale flats were sold in November from 1,781 units in October. The 11.2 per cent month-on-month rise in sales volume was much higher than October's 5.9 per cent increase.

Year on year, resale volume jumped by 24.1 per cent from the 1,596 resale flats sold in November 2016.



Still, the HDB resale market has yet to return to its heyday. Sales volume in October was 45.7 per cent lower than their peak in May 2010 when 3,649 resale flats were sold.

For HDB towns having more than 10 resale transactions in October, Toa Payoh reported the highest median TOX of S$7,000 followed by Pasir Ris with S$6,000. This means that the majority of the buyers in these towns purchased units above SRX's computer-generated market value.

Jurong East posted the most negative median TOX of S$10,000, followed by Sembawang at S$9,500.
LightningStrikes is offline   Reply With Quote
Old 07-12-2017, 03:08 PM   #2
Honorary Member
 
Desmond_'s Avatar
 
Join Date: Mar 2003
Posts: 120,412
huat liao....
Desmond_ is offline   Reply With Quote
Old 07-12-2017, 03:11 PM   #3
Senior Member
 
Join Date: May 2017
Posts: 1,099
hdb resale will keep going down cos more and more flats in SG are more than 20-30 yrs

the whole of bedok which is very big their flats all at 40 yrs

who dare to throw money in?
heroking is offline   Reply With Quote
Old 07-12-2017, 03:29 PM   #4
Honorary Member
 
The_Davis's Avatar
 
Join Date: Mar 2001
Posts: 113,533
hdb resale will keep going down cos more and more flats in SG are more than 20-30 yrs

the whole of bedok which is very big their flats all at 40 yrs

who dare to throw money in?
So will keep inching down?
The_Davis is offline   Reply With Quote
Old 07-12-2017, 07:57 PM   #5
Senior Member
 
Join Date: Jul 2000
Posts: 1,292
Knn....why still have $1 million HDB?
kbtsam is offline   Reply With Quote
Old 07-12-2017, 08:08 PM   #6
Supremacy Member
 
hardwriter's Avatar
 
Join Date: Jan 2010
Posts: 8,070
all those peasants going to be homeless soon...see liao jin song
hardwriter is offline   Reply With Quote
Old 07-12-2017, 08:19 PM   #7
Arch-Supremacy Member
 
gld998's Avatar
 
Join Date: Feb 2008
Posts: 23,569
Listen to proper flippers and die faster

Sent from Old Man Pressing For Retirement using GAGT
gld998 is online now   Reply With Quote
Old 07-12-2017, 08:21 PM   #8
High Supremacy Member
 
fortunecat's Avatar
 
Join Date: Dec 2005
Posts: 34,739
hdb resale will keep going down cos more and more flats in SG are more than 20-30 yrs

the whole of bedok which is very big their flats all at 40 yrs

who dare to throw money in?
Plenty of people, volume increase 11% leh
fortunecat is offline   Reply With Quote
Old 07-12-2017, 08:23 PM   #9
High Supremacy Member
 
jericho75's Avatar
 
Join Date: May 2013
Posts: 29,583
Ntxt year yellen gone. Good luck sinkies
jericho75 is offline   Reply With Quote
Old 08-12-2017, 10:41 AM   #10
Arch-Supremacy Member
 
ashcrow's Avatar
 
Join Date: Sep 2005
Posts: 14,465
the 0.1% dip doesnt mean a lot....but 11% more buying & selling is a lot leh. means property market becoming v active. probably many sell hdb to buy pc? due to the recent en-bloc news..developer raising price....and bank loan rate increase...
__________________
A man's dream will never die!
ashcrow is offline   Reply With Quote
Old 08-12-2017, 11:43 AM   #11
Supremacy Member
 
kbwarrior's Avatar
 
Join Date: Jul 2008
Posts: 8,826
Sinkies rejoice !

kbwarrior is online now   Reply With Quote
Old 08-12-2017, 11:49 AM   #12
Greater Supremacy Member
 
[[ForeverAlone]]'s Avatar
 
Join Date: Nov 2011
Posts: 91,235
Listen to proper flippers and die faster

Sent from Old Man Pressing For Retirement using GAGT


nonsense, u see A lot still happy rent out their property get passive income leh

most HYPOCITES is yet complain about foreigners , what steal their job etc

ironic u are earning a passive income from them .

without them who will rent and willing to buy your property
__________________
♥~ We Stand United Together Alone ~♥
[[ForeverAlone]] is offline   Reply With Quote
Old 08-12-2017, 11:50 AM   #13
Greater Supremacy Member
 
[[ForeverAlone]]'s Avatar
 
Join Date: Nov 2011
Posts: 91,235
the 0.1% dip doesnt mean a lot....but 11% more buying & selling is a lot leh. means property market becoming v active. probably many sell hdb to buy pc? due to the recent en-bloc news..developer raising price....and bank loan rate increase...
According to my source from Malaysia

there is Bank going to restrict housing loans.

Developers are desperate to pay bank debts

thus housing price will drop, as they force to sell cheap to repay bank debts.
__________________
♥~ We Stand United Together Alone ~♥
[[ForeverAlone]] is offline   Reply With Quote
Old 08-12-2017, 12:30 PM   #14
Arch-Supremacy Member
 
ashcrow's Avatar
 
Join Date: Sep 2005
Posts: 14,465
According to my source from Malaysia

there is Bank going to restrict housing loans.

Developers are desperate to pay bank debts

thus housing price will drop, as they force to sell cheap to repay bank debts.
hard to drop....

the recent rio casa enbloc was at $700-800 psf. estimated to sell at least 1100 psf when launch. the nearby kingford waterway already 1270 avg psf now.
__________________
A man's dream will never die!
ashcrow is offline   Reply With Quote
Old 08-12-2017, 12:35 PM   #15
Greater Supremacy Member
 
[[ForeverAlone]]'s Avatar
 
Join Date: Nov 2011
Posts: 91,235
hard to drop....

the recent rio casa enbloc was at $700-800 psf. estimated to sell at least 1100 psf when launch. the nearby kingford waterway already 1270 avg psf now.
Is OVER supply in Malaysia , those condos , etc

No people buying in fact " of course still got people buy " but the supply is SO MUCH

Come on SG side

yes I see the next one will Braddell Heights .

One thing why these developers willing to invest , risk so much as they feel in future hard to get any land in SG .

so must well now bid it get it , they feel in future surely can profit a lot back

" again this is just speculation as usual NO BODY will know how property market go seriously even in other investment etc "


Also have to take note , if a lot get retrenchment in future as well , global economics how it go ,

Since Automative is the Future , Corporation will be profit a lot in go a lot into Automative , no need to pay so much for workers
__________________
♥~ We Stand United Together Alone ~♥

Last edited by [[ForeverAlone]]; 08-12-2017 at 12:37 PM..
[[ForeverAlone]] is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On